Wadhamite

GM Bankruptcy: Who Stands to Gain

Southeast Asia will gain. America will lose. Who really doubts that?
Washington has no money tree. All those billions of ill-spent dollars will need to be repaid. There will be no return on that repayment. It's just as bad as fighting wars, except fewer dead people. But people need cars to drive . . . and Asia will produce them with one-third of the world's population waiting for the opportunity to build and sell them. America's day is over, and Asia's day is brightening. In the long run, justice runs its course. (And, though I wish financially-responsible Ford Motor well, they remain the best of a very bad lot.)