Yesterday, CNBC inter-spliced their GM bankruptcy coverage with happier moments from the General's past (i.e., the 1950s). Either they were mocking GM or Kudlow was having another coke-fueled fantasy of Erin Burnett in an apron baking lasagna. [CNBC]
DISCUSSION
And here we are, a half century later, realizing that we were misinterpreting that fellow's words for the past fifty years.
Clearly he was saying, "...the importance of the auto industry to the nation's economy...as a HOLE."