SOMEHOW, I THINK CONGRESS WILL GET COLD FEET ABOUT BANKRUPTING GM...IF THEY DON'T IT WILL BE INTERESTING TO WATCH THE DISASTER UNFOLD...
TO BANKRUPT... OR NOT TO BANKRUPT...THAT IS THE QUESTION...
EITHER WAY THE COSTS WILL BE HUGE...
ULTIMATELY, THE NOTION THAT AMERICANS DO NOT MANUFACTURE CARS ANYMORE...WILL BE A MAJOR PSYCHOLOGICAL BLOW TO THE DOLLAR. AND TO AMERICANS' GENERAL SENSE OF PURPOSE.
THE US SIMPLY CAN NOT CLAIM TO BE A SUPERPOWER ANYMORE...IF US AUTOS GO UNDER...
BUT AMERICA'S SUPERPOWER STATUS IS MOSTLY BOGUS EVEN NOW...
SO MAYBE PERCEPTION IS JUST CATCHING UP WITH GRIM REALITY...
