This week we have learned that General Motors will discontinue the historic
Who to blame?
I have been trying to take this as well as possible, but the more I think about it, the angrier I get. General Motors was not in great shape a year ago, but they were not going bankrupt.
So, who is to blame? First, we have to blame General Motors for the mismanagement of their own product and lack of profitability. We must blame them for falling behind in the 1980’s and losing an entire generation of young car buyers who now think Japanese brands are synonymous with quality and excitement. While that was twenty years ago, the failures of the 80’s are a major reason for GM’s troubles now. They lost the public relations war against the imports and now you would be hard pressed to find people younger than thirty that view
Second, we must blame those who put the final nail in the coffin, the stewards of our nation’s economy the past several years. While I am not an economist, I do know that our economy was mismanaged at the highest levels. The recession and inability to get credit, not lack of interest, is what finally killed