What's good about General Motors?

What's good for General Motors is good for the country.

That was the phrase Americans stood by, or drove by, for the last 50 years. *

Today, however, some 46% of auto analysts believe the number 1 U.S. employer of the last century cannot continue to thrive. Some don't think it can even survive.

So what is GM's grand plan to return to glory?  (Hint: It's not good for the country.)

1. Reduce or eliminate what created the middle class and American prosperity: good benefits for its workers.

2. Destroy the world sooner than ever by focusing more on SUVs and other gas guzzler- high polluting cars.

* The actual quote, made by a GM executive in the 1950s, was "what's good for the country is good for GM," but it got turned around and commonly accepted (and approved).

Comments

[Daniel]

How typical, and how very shortsighted. Eliminating those benefits will also eliminate a lot of discretionary income for many people. It's going to send a shockwave through the economy, ultimately affecting GM itself. My worry is that other companies will follow GM's lead and reduce employee benefits.

All hail the almighty profit margin.