Can Engine Charlie Wilson Save The Economy

It was almost 60 years ago when Engine Charlie Wilson a Gm excutive said,"Whats good for Gm is good for America. Gm today is a company on the brink of going over a cliff. And the United States is very close behind.
The Federal Reserve so far has done a lot of money shifting that has had little effect on stopping the slide. Some experts think the steps the Fed has taken has actually greased the slide and made this downfall worse.
Economist on Cbs market watch predicted in two years we will have an economic catosphery because of what the Fed is doing.
In order to prevent this from happening the government must nationalize the American automobile industry immediatly and bring it back to life. There must be someone out of 200 million people in this country with Lee Iccoa's talent who could run the big 3 or an automobile company. With that said Gm should be allowed to go bankrupt.
How would that be good for Gm and America? It would get rid of the shit. The excutives and stock holders who put Gm where it is today. Going out of business. The government could honor all of Gm's debt and obligation thus preventing the economic damage that many have predicted by a Gm bankruptcy.
So far old Engine Charlie Wilson's statement has held the test of time and is looking pretty crediable. Gm and the American automobile must be saved or we all will go off the cliff together.