Back in the '80s and '90s, when GM was consistently posting giant profits, they were simultaneously firing tens of thousands of workers in my hometown of Flint and across Michigan.
Sentiment: NEGATIVE
When I went into GM there was a lack of morale. The company had gone bankrupt and the people who worked there were embarrassed. Underneath all of, though, there was a will to show what they were capable of, but nobody knew exactly what to do.
So long as TARP money is wrapped up in GM, the company will never shake its 'Government Motors' image. That label, as competitors and GM employees are keenly aware, is code for one thing: 'GM is a failure.'
If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1,000 MPG.
Imminent GM bankruptcy was always fiction, created by Wall Street and the media.
GM has never been about feeding the world or tackling environmental problems. It is and has always been about control of the global food economy by a tiny handful of giant corporations. It's not wicked to question that process. It is wicked not to.
GM is a highly collaborative organization; we rely on a whole tier of suppliers for everything that we do.
My grandfather and dad worked at General American Transportation Corp. in Chicago, a company that made tank cars and freight cars. We had a pragmatic, Republican, manufacturing, Illinois consciousness as far as employment went.
We can't go to people who have lost their job at GM and say, 'Oh, by the way, we are going to pay money to build a road here or inoculate children there,' unless we can demonstrate that it is in America's interest. I happen to think it is.
It's a success story here in Michigan. We have hiring going on. We have new industries going on.
Walmart's period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.