Tuesday, December 2, 2008

The Not-So-Big Three...


...are in Washington again, threatening doom and the fires of hell if we don't save them. It's true:

"There isn't a Plan B," said Chief Operating Officer Fritz Henderson. "Absent support, frankly, the company just can’t fund its operations." Without help, he warned, "the company will default in the near term, very likely precipitating a total collapse of the domestic industry and its extensive supply chain, with a ripple effect that will have severe, long-term consequences to the U.S. economy."

Grab your soup cup (for the soup lines) and run for the fucking hills screaming "Fire! We're Doomed!"

Remember just two weeks ago when Wagoner flew to his corporate jet to Washington asking for $10 billion? Now it's $18 billion. I'm not sure what's changed in two weeks but why stop at $18. If could wave a wand I'd give Rick Wagoner all the money in the world. Right before I kicked him right in the balls and took the money back.


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