Sunday, September 21, 2008

GM And The Economy "Running Out Of Gas"

"The Heartbeat of America" the ads for Chevrolet, General Motors' flagship brand of cars, used to boast. For better or worst, as the US auto giant celebrates its 100th anniversary this month, the company's health has never seemed more tied to the country's economic health. At a time when the US economy is spluttering, the country's most venerable car brand seems to be running out of gas. "General Motors is closely related to the old economy, the manufacturing economy that America was largely based for the good part of the last century," said Karl Brauer, editor-in-chief of automotive website Edmunds.com. As manufacturing declines in the new century, so has GM, that potent symbol of US industry. At its start, GM was known for being an innovative industry leader.

My Comment (Personal Input):
Now that the (U.S.) government (and the world) has a more pressing issue at hand, GM may be totally out of luck. Everything is increasing and the cost of living continues to rise. And with the possiblity of a global recession, things are really looking bleak. Seems like some sort of conspiracy....as someone or something must be somehow benefiting from these horrid events.

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