Bad--and getting worse

As I write this, auditors for GM just released a financial assessment of the former behemoth carmaker and it isn't good.

Not by a long shot.

The auditors, in what formerly would have been shocking honesty, came to the conclusion that they don't think the big auto maker from Detroit can make it.

Yow.

GM.

The previously largest automaker in the world.

Going down.

This on top of the United States government giving $175 billion dollars to AIG, the formerly largest insurer in the world, just to prop it up.

These are staggering facts and realities.

And no one knows what to make of it all, least of all me.

But we have to pay attention and know what's going on.

It isn't good but we can't get lazy, lazier or lethargic. We have to pay attention and do what we can do, in hopes that 1) we can do something positive and contribute to some good outcome to the situation and 2) so we can maybe still steer our own futures.

If GM fails, that will mean millions out of work. The ripple effects will be immense.

If GM fails, it means the Labor Unions will take a HUGE hit in membership and could quite likely no longer exist. They're already small and weak enough in this country.
And that won't kill us but it certainly isn't good for the common worker and it's not good for the country.

It's ugly and getting uglier.

But we have to pay attention and do what we can, at least.



Link to original story on GM:
http://www.npr.org/templates/story/story.php?storyId=101468051&ft=1&f=1001