Dan Neil, The Los Angeles Times’ Pulitzer Prize-winning car reviewer, says basically all that need be said about GM’s path to bankruptcy in this article, so I encourage you to read it and think on it. My own not-particularly-well-informed opinion on the bankruptcy is that it’s sad it’s come to this, and also very probably the only possible way everyone involved with GM would ever pull their heads out of their collective asses to save the damn company. It seems from the outside like all the stakeholders were adamant there was some way to avoid hitting the bottom without actually having to change any of the things they were doing. If nothing else, that era of magical thinking is over, for GM at least; one hopes such realizations happen in other sectors of American life without the need to smack hard on the bottom like GM has. I’m not tremendously optimistic about this, but we will see.