As you’ve probably heard, General Motors has come on some financial troubles and grows increasingly desperate for a federal bailout. How did the American vehicle giant get to this point? Will the bailout do any good?
Jess Bachman — who designed the popular Death and Taxes poster and the more recent Visual Guide to the Financial Crisis + Bailout — explains GM’s current situation in this equally interesting infographic/comic (below). With a slurry of internal and external factors, the bailout will only postpone the inevitable. Bigger is not always better.
Be sure to check out Jess’ Wallstats blog for more infographics goodness.