GM posts $15.5 billion loss as sales sputter
http://www.guardian.co.uk/business/feedarticle/7695262
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This is sad. This is pathetic. Is a great name doomed because of very poor judgment, even stupidity? It would seem so.
Im all my many years, I never imagined that the political and business communities would sell themselves down the river by such foolish behavior.
Is this the beginning of the end of a great world power? When the foundations of that power, such as it's great businesses start to fail, it looks very bad for the country.
In 1952, Charles Wilson, the head of General Motors uttered the famous quote: "What is good for the country is good for General Motors, and what's good for General Motors is good for the country".
There has been very bad judgment by the leaders of the country, as has been by the management of GM, and many other once powerful companies.
Now old Charlie would have to say, "What's BAD for the country------------" etc.
Prove me wrong. I hope you can.
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