This would be funny if . . .
If it didn’t cost an arm and a leg, especially since I only have one leg left, financially speaking.
Remember when GM needed to be bailed out to the tune of $17,000,000,000? For that, they had to make some sort of statement of progress by about now. So, being law-abiding citizens, they’re doing it.
Not too surprisingly, the progress has been retrograde. Now they and Chrysler want $30,000,000,000 more. And GM is talking about laying off another 47,000 people globally. Forget the human beings involved for a moment, and think about how much the unemployment benefits are going to cost in the US alone. Add that on top of the $30,000,000,000.
Now comes the funny part. Today’s headline: GM market capitalization drops below $1 billion.
You could own the company for less than $1 billion.
But we’re probably going to fork over more than $47,000,000,000 because it’s against our religion to buy the company for $1 billion. Or something like that.
