1953: GM President Charles Erwin Wilson tells the Senate Armed Services Committee “for years I thought what was good for the country was good for General Motors and vice versa.”
2009: The United States Government takes 60 percent ownership of General Motors.
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Tags: economy, financial crisis, General Motors, government, nationalization
NotionsCapital 
June 2, 2009 at 12:02 am
I’m a big fan of GM’s 3.8 liter V6 engine. I was a big fan in the 80’s, and in the 90’s and in the new century.
It’s a good engine, but I think that I may have stumbled upon an underlying problem in GM’s progressive product design.
February 26, 2010 at 12:40 am
[…] out to be a Great Leap to Nowhere — the deal fell through. Now GM (owned in part by the American Taxpayer) is set to let the giant SUV drive off into the sunset. Only 9,000 of the beasts were sold last […]