Tuesday, February 17, 2009

I’m so confused

I just read that GM wants $12 billion from the 'government'. But…we are the government and that's really our money, isn't it? Do you want to give GM $12 billion? I don't. They have a lousy reputation and their credit rating is in the basement. Besides, they are a multinational corporation; they have offices and plants in all of the major countries of the world. Perhaps Brazil or China could loan them some money? Canada? And let's think about repayment; how are they going to do that? Sell us their cars? That way we can pay back our own money to ourselves with our own money. Wait a second; this isn't making sense. Maybe it's the other way around? Either way, I'm out $12 billion dollars and all I have to show for it is this crummy Chevy.

Oops! Now the number is up to $16.6 billion and they have their eye on even more. And Chrysler would like $5 billion please. That's the same 'Chrysler' that is now owned by Renault, the French car company.

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