GM in woe

Things are so bad that even analysts are now saying Government Motoring, I mean General Motors will go bankrupt. Failure of the once giant automaker will have a ripple effect causing jobs to be lost at parts manufacturers, automobile dealerships, steel mills, coal mines, and across the board due to higher unemployment.

Sadly, many do not realize the importance of a healthy industrial infrastructure. They fail to understand how many industries are tied to GM. Sales of cars were down, but it was still possible for the government to keep GM alive on grounds of national security. That might have save us.

However, we instead chose to give billions to the banksters who produce nothing of value. History will recall our mistakes.