Bibble

Looking into GM's History

How was "what's good for GM good for America?"

You have got to be kidding me. It's no wonder our economy is so screwed when self-described experts look to the cosmos for answers about top soil. Ever hear of fast food? What made that possible? What do you suppose crude oil is used for? How many Americans over the last 100 years have earned a living doing road construction and maintenance? Ever tried taking a covered wagon from LA to Vegas? Could their be a Vegas without a Detroit? Half of the Fortune 500's Top Ten Revenue Earners for 2007 were either Oil or Automotive companies (22Tango) – with GM at #3, Ford #7. You can make criticisms of their management decisions until the Dow comes home, but to suggest that GM as a company or Auto as an industry has not been good for America reeks of the kind ignorance and arrogance that seems to be a modern MBA requirement. Hello. The stock market is not an indicator of actual value. Ask anyone who's ever needed an ambulance or a squad car. Sheesh. Stop fantasizing about the magical Knowledge Economy that craps droplets of gold and wisdom from the ether, and start making the actual, reality-based, value-creating economy work.