Tuesday, September 16, 2008

happy-SAD 100th anniversary GM!!

Wow, today I just found out that General Motors celebrates its 100th anniversary of being in business. But an even more surprising fact I found was (according to the Dallas Morning News article), their revenue has declined $70 billion in the last four years in North America!

What a happy/sad day.

Even more surprising, but not that much with everything being shipped overseas these days, is that at the Arlington plant (here in the Dallas area), GM has been shipping nearly half of their cars produced each day to the middle east were business is great. (Article said they est. good relations with Egypt about 80 yrs ago--guess they have some plants there).
This summer I saw how prominent they were (and I had no idea before going) in Spain, and perhaps even elsewhere in Europe.


Yet another case of things being shipped East were things are much cheaper. However, is this really increasing our wealth, or just deepening the hole of a productive yet declining economy?


Look at it this way: we're digging, digging, and digging thinking we're making so much progress, but do we realize were digging ourselves into a whole?



Oh, but happy/sad anniversary GM!!


Link to Dallas Morning News article:

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