General Motors stood as a symbol of American economic power for decades. At its peak in 1979, the automaker was the country's largest private employer with more than 618,000 workers. Former GM president Charles Erwin Wilson famously said, "For years I thought what was good for our country was good for General Motors, and vice versa." New York Times senior economic correspondent Neil Irwin joins "CBS This Morning" to discuss GM's plan to restructure, close plants, and lay off up to 14,000 workers.
