The rallying cry of the conservative movement in the 1990's was to, "starve the beast." As Grover Norquist said, "My goal is to cut government in half in twenty-five years, to get it down to the size where we can drown it in the bathtub." Well run the bath honey, GM is ready for a dip.
Following yesterday's announcements of additional plant closings, the demise of Pontiac and another 21,000 job eliminations, GM will be of a size even Mr. Norquist can handle. Employment will be 38,000, down from 395,000 in 1970. The company that once touted, "what's good for General Motors is good for the USA," seems on its way to irrelevance. Times, they are a changin.'
John Barnyak
President
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