Charles E. Wilson while president of the General Motors Corporation made a statement that is oft-misquoted as "What is good for General Motors is good for the country." He actually said in reply to a question posed at a congressional hearing whether he could make a decision in a governmental capacity that might run counter to the interests of GM that he thought, "What is good for the country is good for General Motors and vice versa."
That statement certainly emphasized the degree of importance the manufacturing sector held for the national economy. The cruel reality is that the United States is no longer the manufacturing powerhouse it once was, in fact we have gone a long way toward becoming what Douglas Adams so brilliantly lampooned in Hitchhiker's Guide to the Galaxy as a nation of "telephone sanitizers."
Methinks that General Motors filing for Chapter 11 bankruptcy protection gives serious cause for national introspection.
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