Decades ago the American auto industry was feverishly reconverting their tank and machine gun operations back to the production of automobiles. Between 1940 and 1945, the American automobile industry produced $29 billion dollars worth of military equipment to defeat Germany and Japan and at war’s end the big three of the industry, GM, Ford And Chrysler, were gearing up to become the biggest and most profitable companies the world had ever seen. Their dominance and success became a staple of the American economy, but just yesterday, the top execs from these same three corporations, came a courting to the American taxpayer to help keep them afloat.
Read more