In response to:

GM Goes From Bad to Worse Despite Obama Bailout

jhines Wrote: Aug 23, 2012 7:55 PM
I believe there is also another factor for GM heading for another bankruptcy. I know people in our neck of the woods who wouldn't have purchased anything but a GM car and actually turned to Ford/Lincoln/Mercury after the bailout. I couldn't believe it when a friend of mine purchased a Lincoln Navigator after driving a Chevy Suburban for years, people around here call GM Obama Chevrolet.
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...