As GM Goes, So Goes The Nation famous remark by Charles Wilson is as appropriate now as it was in 1953. Charles Wilson declared before Congress that what was good for the country was good for GM and vice versa. Does Gm’s rise to power and decline towards insolvency parallel the rise and fall of the US? GM’s market cap reached approx $50 billion in 2000. Currently its market capitalization dropped below $1 billion to levels last seen during the 1920’s.