Auto Industry looks dismal

I have a bad feeling about things here in Michigan. The auto industry seems to be standing on one, broken, wobbly leg. Every where you look you hear or see a sign that things are going to turn for the worse. Everyone knows of someone that has been affected negatively. The Big Three are in such big trouble and they seem to think the best way to stay afloat is to spread the problem around among their suppliers. They do things like demand price cuts and make them retroactive so that suppliers are actually cutting them checks. Scary. There was an article on MSN by one of their Senior Market Editors that said GM's decision to sell GMAC could actually be bad for the nation. I haven't read any of this guy's stuff before so I don't if he is the real deal. Here is the article.