Hey, you know, maybe the reason that GM is in such trouble is that it made such shitty cars for so long, that it kept adding features to a signature line of vehicles that consisted of an inefficient engine and a big heavy box on a cheap-ass pick-up chassis. Maybe if the central operating assumption of their entire business hadn't been that things were going to remain exactly as they were forever, only better, they wouldn't be in such a fix. This is really the central and unaddressed issue in the whole economic clusterfuck--not that no one saw it coming, but that no one thought it prudent to plan in general for contingencies. None of the finance firms thought it wise to have some backup just in case there was a downturn. No one at the American automakers thought it smart to have a rainy-day plan just in case there was a tightening in the energy market or a rise in commodity prices. "No one could have predicted" is a red herring. The issue isn't prescience; it's basic foresight.