In response to:

GM Goes From Bad to Worse Despite Obama Bailout

DauTieng59 Wrote: Aug 23, 2012 3:08 PM
That's the concept of bankruptcy. The assets of a dead or dying company like GM and Chrysler are made available to a ore flexible and innovative company. The liberals claim to believe in evolution but don't want anything to die, which is a major requirement of evolution, those that don't adapt must die so the species that do adapt can live. It's the same in economics, those that don't adapt die and those that do flourish.
Readers with long memories may recall that Charles E. Wilson, president of General Motors and nominee for secretary of defense, got into trouble when he told a Senate committee, "What is good for the country is good for General Motors, and what's good for General Motors is good for the country."

That was in 1953, and Wilson was trying to make the point that General Motors was such a big company -- it sold about half the cars in the U.S. back then -- that its interests were inevitably aligned with those of the country as a whole.

Things are different...