what's bad for gm is bad for the world !

[growler]

On this day in 2008, in an attempt to cut costs, struggling auto giant General Motors (GM) offers buyouts to all 74,000 of its hourly employees in the U.S. represented by the United Auto Workers (UAW) union. The move came after GM lost $38.7 billion in 2007, which at the time was the largest loss ever experienced by any car maker. (Two weeks later, on February 26, the loss was adjusted by $4.6 billion, to $43.3 billion.)

in the 50's gm's president said what's good for gm is good for america,and people said it was a big lie from then on!
but in 2008 it was proven,as the world went into a recession (depression?) right after telling everyone how much money they lost !