The Oil Drum | Credit investors ponder GM-sized hole in universe

89 comments on Credit investors ponder GM-sized hole in universe

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PaulusP on March 29, 2006 - 9:34am

Thanks for clearing that one.

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Don Sailorman on March 29, 2006 - 9:45am

My recollection of what "Engine Charlie" Wilson said is:

"What's good for America is good for General Motors, and vice versa."

Then his remarks were twisted for politcal purposes to suggest that what he said was:
"What is good for GM is good for America!"

But he never said that.

Does anyone have access to a transcript of the exact words?

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The Interloafer on March 29, 2006 - 12:26pm

Whatever the wording, it's not even true. What's good for G.M. is lax CAFE standards, tax loopholes that encourage SUV ownership and high-ridership streetcars replaced with GM buses. What's good for America is the opposite of all that.

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89 comments on Credit investors ponder GM-sized hole in universe

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