For Most of the Last One Hundred Years, This Was Unimaginable

It is really amazing to see the fall of the pre-eminent corporation in the history of the United States, General Motors. The fact this is happening this morning with the official bankruptcy filing simply boggles the mind if one has a historical perspective or just merely lived for a number of years when GM was the corporate monstrosity as the biggest and most influential business in the United States during the 20th Century. For most of our lives, GM was among the biggest symbols of the United States, its successes, economy, and promising future. A saying which was first said in the 1950s, probably earlier, goes like this: "As GM goes, so goes the nation !"

If there is still any truth to this, we as Americans, as a nation, are in a big heap of trouble...

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If you were to walk up to a typical New York executive in the 1960s -- think Don Draper in AMC's "Mad Men" -- and tell him that General Motors Corp. would be in bankruptcy by 2009, he would have thought you were delusional, or perhaps a Communist. GM was more than just the world's largest and most admired corporation; it was the final vindication of the American Way, the perfected and even divinely inspired example of democratic capitalism that stood opposed to the airless atheism and nullity of the Soviet system.

Continue reading at....

http://www.latimes.com/business/la-fi-gm-history1-2009jun01,0,3345987,full.column

Definitely also read these:

http://www.michaelmoore.com/words/message/index.php?id=248

http://www.breitbart.com/article.php?id=prnw.20090601.DC25338&show_article=1

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