In response to:

GM Goes From Bad to Worse Despite Obama Bailout

J. Galt Wrote: Aug 23, 2012 10:06 AM
Unions had their place in 1910, but that was 100 years ago. The world has evolved. It is not necessary to maintain the Pony Express either.
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...