Archive for the ‘Bailout’ Category

With all the chatter in the media about Congress spending $500 Billion for this and $500 billion for that, we thought it worthwhile to put all that cash in perspective. I have held a few $20 bills in my hand, so I can imagine what a few hundred dollars would look like, or perhaps even one thousand dollars. But a million dollars? A billion dollars?

This is $10,000 in $100 bills.

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THE EXTORTION OF US TAX PAYERS (a.k.a., the Detroit Bailout)

Let’s do the math and perhaps put it out to a poll. I’ll focus on GM, you can do the same for Ford and Chrysler. GM employs about 252,000 people globally. The company website totals its US work force at 97,624 across some 87 US zip codes. (more…)