As General Motors Goes, So Goes the Nation

[greenego]

General Motors was founded in 1908 in Flint , Michigan and grew to be the largest corporation in the world. Its market capitalization reached $50 billion in 2000. In the past week its market capitalization dropped below $1 billion to levels last seen during the 1920's. The story of General Motors is the story of America . In 1953, at the peak of its dominance, its President Charles Wilson declared before Congress that what was good for the country was good for GM and vice versa. Its rise to power and decline towards insolvency parallel the rise and fall of the Great American Republic.

For the rest of the story go to the web site.

As General Motors Goes, So Goes the Nation :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

[TGO David]

General Motors was a dinosaur that failed to evolve over the past 30 years. I don't buy into the idea that it is the "canary in this economic coal mine" as that article purports. I do believe that it serves as a clarion warning to Union shops everywhere. It's cry? Evolve or die.

[Punisher84]

Yea I don't buy it either.

[nightrunner]

eh, its pretty close, after all the world ends in 2012.

:end sarcasm: