This weekend's Wall Street Journal (December 6-7, 2008) contained an article, "Corporate Failures Hit Health Plans for Corporate Workers", that would seem to be unrelated to what is going on at General Motors. But, in the second part of the article, we read that in the service bay of a Chevrolet dealership in Georgia "an executive boomed over a loudspeaker that the car dealer, which had survived since the Great Depression, was closing. ... (the employees health) insurance was terminated."
Mr. G., a finance manager for the dealership, was in a panic. Why? Because he'd "bought a $60,000 BMW the day before." Now Mr. G. is selling the BMW as his family has $40,000 in medical bills and are two months behind on their mortgage.
Do you think it ever dawned on Mr. G. that by buying an expensive BMW, made in Germany, he was pounding a coffin's nail in the American corporation he indirectly worked for? Who was it that said, "Let's pay attention, people!"
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