In fact, GM's demise, is not bad news. They, GM, have been doing business wrong, so wrong, for as long as I remember, and I used to work for them. It's a long sad, blind, story I'd be happy to tell, (don't worry, it's not a big deal story, small time, on my part - I was a production worker). But, GM has been fooling/screwing buyers into believing if you glue on a bit of chrome here, a bit of chrome there, glitter really, you can sell American consumers anything. Just tell them it's what polls show they want, then back it up with advertising that aligns. When their products rust away or stop working...duh, what's wrong with the business plan: they raked in the profits after all. Trouble is, due to the ignorance of the American consumer, I mean, the U.S. buying public, their plan has succeeded, until now. Now, reality catches up with ignorance.
Don't complain about the automotive industry's screw up. They became big enough to drive a good portion of the economy. Blame the U.S. consumers...you, and me. I say, wake up buyers of shit, good riddance. GM, and all those guys - the financial sector included, business sectors with minimal controls - drove the economy, in big part, and the politics that go along with it, always at our own expense, to the brink.
They, these predatory business models, are not too big to fail, and maybe now after our complicity, have succeeded, in part, but in the end, have failed.
Just desserts is what I am thinking, for all concerned.
RHN
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