We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
As GM Goes, So Goes the Nation, a once famous quote about the onetime largest company in the world and the one time largest automaker in the United States.
GM made it through the Great Depression making a profit, but it could not make it through foreign competition, non-productive union work rules and a massive group of senior citizens health care benefits.
So goes the Nation, well, think China, think globalization, think Social Security and Medicare, think debt and a growing appetite for more and more regulation.
Bigger than an egg roll
But not to worry, the Nation owns GM, so now it’s As the Nation Goes so goes GM, now let’s hope we all make it through the Great Recession (and China still likes loaning us money).
QUINNSCOMMENTARY 