The Economy: The Rattles in the Engine

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In one of history's most misquoted statements, Charles E. Wilson, ex-chairman of the General Motors Corp., told the Senate Armed Services Committee in 1953, during hearings to confirm his appointment as Secretary of Defense: "For years I thought what was good for our country was good for General Motors, and vice versa." The truth of that celebrated remark has never been more apparent than today. For five straight years, the U.S. economy has enjoyed unprecedented good times, and no company has benefited more from the prosperity or contributed more to...

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