Monday, June 01, 2009

What's Good for GM

"It's hard not to see GM's bankruptcy as a signal moment in a larger history. If mighty GM can fail, cannot also the United States? And the answer is, absolutely." The company's stark decline is "a rebuff of the notion of exceptionalism," notes Neil. "Any organization that fails to sufficiently safeguard its means of self-correction and reform, that forsakes long-term investment for short-term gain, that piles up debt year after year, will eventually fail, no matter how grand its history or noble its purpose.""

(Via Slate)


Louis said...

What's good for GE? Did you mean GM?

Anonymous said...

Looks like we might be next in line if government spending continues at the same level for any length of time.

Anonymous said...

My name is Mrs. Monica Roland. I live in singapore and i am a happy woman
today? and i told my self that any lender that rescue my family from our
poor situation, i will refer any person that is looking for loan to he gave
me happiness to me and my family, i was in need of a loan of 25,000 pounds to
start my life all over as i am a single mother with 3 kids I met the GOD
fearing man loan lender that help me with a loan of 25,000 pounds,he is a GOD
fearing man, if you are in need of loan and you will pay back the loan
contact him tell him that is Mrs. Monica Roland that refer you to him.
contact Mr Prudent nary via email: (