GM is in bad shape and facing bankruptcy. The other day the GM Fastlane blog went into pretty good detail on why a GM bankruptcy is very bad for America. Very bad.
I'm not going to get into how I personally feel about this issue. What I will say is that I know MANY people who work for GM or it's direct suppliers. And I know many more who work for GM's indirect suppliers.
I know that a GM bankruptcy (and heaven forbid GM closing it's doors) would be disastrous for the economy, especially the one around Detroit.
So take a read and think about what GM is saying. If you don't think you should care about this, you might want to think again.