Seven years ago, a friend of ours wrote one of our favorite political punk songs of all time, featuring the line, "Now I'm a happy voter/Freewheelin' like General Motors." At the time, we were DIY'ing it through the tech boom, but today, in light of the political and economic state the nation's in, we're sure he had no idea how prescient he'd be in predicting that everything was gonna go from freewheel to mad coaster brake action. Carol Loomis of Fortune has just laid out one of the most sympathetic and extensive takedowns of GM we've ever read, even if some of her rhetoric paints her as a no-apologies free-market type. Oh, the rogue's march.
The Tragedy of General Motors [CNN/Money]
Delphi Loses $1.1 Billion in a Month [Internal]