Rod Lache, auto analyst for Deutsche Bank, recently estimated that based on the company’s bond prices, the market now values GM at about $42 billion.
Dear Mr. President:
Looks like you stole $42 billion from me.
I want it back.
Sincerely,
—Dick
No Puffin Perspective™
Most excellent shines and whines
Thanks to the Federal Government’s involvement in GM I was able to buy one of their cars for nothing down and no interest, strung out into midway of the next decade. However, I did not spring for their CFC program and instead opted to keep my two clunkers because the wheels were still round on both of them.
I am happy to announce that after having the new car for going on eight months, Mrs Poleczech has accumulated the whole amount of 1133 miles on it. I was afraid that when I take it in for its first *free* oil change it will be out of its five-year warranty; so, I called the salesman. He said Obama will gladly extend the warranty on my behalf.
The only thing cooler than Obamathematics is Obamechanics.