Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target. The U.S. became famous for this pattern of decay and new growth.
But this, apparently, is about to change. Democrats from Barack Obama to Nancy Pelosi want to grant immortality to General Motors, Chrysler and Ford.
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If you are in the main blog area, you can also scroll down four posts to read ”Saving General Motors?” by K.C. Golden. If you are in the Beyond Oil area it is the next article.
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