…is captured in this chart:
Nate Silver over at FiveThirtyEight has an explanation on why GM’s Problems are 50 Years in the Making. So there is going to be alot of talk about short term steps such as restructing and bankrupcy protection and Chapter 11. But to me, looking at this chart, I see one doomed company. Instead of chapter 11, it’s time for chapter 7. And I think the focus should no longer be about GM (or Chrysler). Instead, the focus should be on Michigan and the American (and for that matter, Canadian) automobile industry.