What's bad for GM is bad for California

Something my fellow Californians should take to heart:

This is the lesson of GM's bankruptcy, and it has little to do with market share and miles per gallon. It's a rebuff of the notion of exceptionalism. Any organization that fails to sufficiently safeguard its means of self-correction and reform, that forsakes long-term investment for short-term gain, that piles up debt year after year, will eventually fail, no matter how grand its history or noble its purpose._

—Dan Neil's column in the Los Angeles Times , June 1, 2009

Brilliant stuff.Go read the whole thing.
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