All Posts Tagged With: "General Motors"

Detroit: Coming Your Way

Detroit BankruptSunday potluck with the extended family. It turns out I am the ‘Detroit’ of the family; the lost age of promise still lingers in the wreckage.

Detroit was the place that epitomized the whole “American Dream” sales pitch, where anybody could scrape up a second chance and win a decent living for yourself and your family. The landless, the uneducated, the minor hooligans, and even people so stupid that they wasted their youthful years chasing graduate degrees could get a fresh start in work that mattered and be rewarded their efforts. Detroit got there first.

It ended long ago, but a car can still roll on for a while after engine cuts out. It is now grinding to a halt; the final halt.

All the


Must-Read Starter For June 2009

hammer-and-sickleFor those of you who are paying attention to the headlines, General Motors is officially filing for bankruptcy protection, but the kind that only you and I could dream of being provided (could be a nightmare).  The US government is going to become a 60% owner of the company… yup, a controlling interest.

Goodbye capitalism.  At least for GM.  And anyone that still owns a Chevy, Caddy, or some other GM vehicle. 

On the positive side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government’s activities.

On the negative side, the government can now start cranking out as many Cadillac limos as it does $100 bills to support the government’s activities.

The Press, those …