Catastrophic Failure

In his bid to scoop up more of the taxpayer money being handed out at the Treasury Department, GM CEO Rick Wagoner said that the earth would stop rotating on its axis if General Motors was allowed to board the failboat.

"Such a level of economic devastation would far exceed the government support that our industry needs," he said. "This is about much more than just Detroit. It's about saving the U.S. economy from a catastrophic collapse."

Actually Rick, this is much more about you failing as CEO of General Motors. Slow, slow golf clap.

GM will get the money it is begging for, it will then burn through that money like only a failing behemoth can, at which time it will return to the begging bowl for more. Then it will sink the failboat.

"Is $25 billion enough?" Senator Richard Shelby said today during Congressional testimony. "Is this the end or just the beginning?" He later told the CEOs of Ford, Chrysler, and GM, "A lot of people think you already failed, that your model has failed."

Geez, ya think?

And Rick Wagoner has the nuts to toss the fail ball into the taxpayers court...

"We want to continue the vital role we’ve played for America for the past 100 years… but we can’t do it alone. You can help us through this crisis. In return, we will repay the taxpayer’s faith and support many times over, for many years to come."

Hey Rick, go to hell, and take your entitlement with you.