Thursday, March 5, 2009

GM is done

...err Toast, according to Megan McArdle.

I previously suggested that they need a visionary plan to save them by reconfiguring their shop to build things we might need. You know, perhaps like the trains to go on the high speed rails that apparently we will be building.

Now? Since they clearly lack the leadership to do anything but "stay the course," it's time to let them go under and liquidate. Allow a new company to build those trains.

Here is where I would suggest that all the boomers should think about retiring and let us take a crack at running this thing we call society...but wouldn't you know if they ruined those retirement plans as well.