The saying used to be “What’s good for the General is good for the U.S.”, but the dramatic decline in General Motor’s fortunes over the past couple of years bears revisiting this phrase, and make sure that whatever has befallen GM doesn’t do the same to the entire rest of the U.S. manufacturing industry.
Those who are concerned about this should read a recent editorial by Pat Buchanan, Who killed General Motors? that was published in newspapers around the country.