Can Money Buy Happiness?

Money doesn’t always bring happiness. People with ten million dollars are no happier than people with nine million dollars.
Hobart Brown

GM filed for bankruptcy today. I do not know what the implications of that mean. I do know that people will still drive cars, and Americans will still make cars.

How did this company that has been in existence for 101 years go down the tubes? The short answer is easy- bad management. They crumbled from within.

For a number of years, they have made their money from car loans rather than the sale of cars. The people that ran the company were “finance” people instead of “car” people. The company lost its way to find that it was really in the credit business. Their cars reflected that loss of direction.

Maybe, Americans have lost their direction. Easy credit has led too many to buy homes too big, and products they don’t need. Collective belt tightening may not be good for the economy, but, in the long run, it may be good for us.