Uh, Sorry, Could You Make That Another Five Billion? Or Sixteen, Maybe?

More than fair comment.......

From CommonDreams.org:

"General Motors told the Federal government Tuesday it may need over $16 billion more to stay afloat, bringing its total federal loans to $30 billion. Even then, it will have to cut 47,000 jobs and close five plants. The same day, Chrysler said it needs $5 billion more, bringing its total bailout to $9 billion; it also announced it lost $8 billion last year. It likewise plans to cut 3,000 jobs.

In January, the feds loaned another $1.5 billion to Chrysler Financial, ostensibly to spur new car loans, bringing the total government aid to Chrysler and General Motors financing units to $24.9 billion. At the time, Chrysler Chief Executive Thomas F. Gilman said the money would "better position us to withstand the current economic challenges until funding becomes available through more traditional commercial sources."

You mean, like making a sound product that people will buy, and managing your production and finances in such a way that you also make money? If people ran their households the way these guys run their companies, "the current economic challenges" would have washed even more of us overboard by now."

Comments

The Pentagon's eye-popping spending....and waste!

Only a gigantic bureaucracy could get away with spending of such dimensions - and the amazing waste involved in part of that ginormous spend. Think US Pentagon..... "From spending $150 million on private villas for a handful of personnel in Afghanistan to blowing $2.7 billion on an air surveillance balloon that doesn’t work, the latest revelations of waste at the Pentagon are just the most recent howlers in a long line of similar stories stretching back at least five decades. Other hot-off-the-presses examples would include the Army’s purchase of helicopter gears worth $500 each for $8,000 each and the accumulation of billions of dollars' worth of weapons components that will never be used. And then there’s the one that would have to be everyone’s favorite Pentagon waste story: the spending of $50,000 to investigate the bomb-detecting capabilities of African elephants. (And here’s a shock: they didn’t turn out to be that great!) The elephant research, of course, represe...

Video: Israel demolishing a Bedouin village

From Mondoweiss - Israel's supposed "most moral army in the world", the IDF, engaged in immoral, and according to international law, illegal action.... "Israeli forces have demolished every home in the Bedouin village of Khirbet Taha in the northern West Bank district of Nablus during three separate demolitions since the start of the year. Unlike most Bedouin villages, the residents in Khirbet Taha own their own land. However that land falls in Area C, territory in the occupied West Bank under full Israeli control. The village’s only school was also destroyed, leaving children to study in a dilapidated 100-year-old mosque — the only structure left standing in the village. According the United Nations, Israel has demolished half as many Palestinian buildings in the first few months of 2016, as they had in all of 2015. In February alone, the UN found that more Palestinians homes were destroyed than any other month since 2009, when the organization began its docum...

Robert Fisk's predictions for the Middle East in 2013

There is no gain-saying that Robert Fisk, fiercely independent and feisty to boot, is the veteran journalist and author covering the Middle East. Who doesn't he know or hasn't he met over the years in reporting from Beirut - where he lives? In his latest op-ed piece for The Independent he lays out his predictions for the Middle East for 2013. Read the piece in full, here - well worthwhile - but an extract... "Never make predictions in the Middle East. My crystal ball broke long ago. But predicting the region has an honourable pedigree. “An Arab movement, newly-risen, is looming in the distance,” a French traveller to the Gulf and Baghdad wrote in 1883, “and a race hitherto downtrodden will presently claim its due place in the destinies of Islam.” A year earlier, a British diplomat in Jeddah confided that “it is within my knowledge... that the idea of freedom does at present agitate some minds even in Mecca...” So let’s say this for 2013: the “Arab Awakening” (the t...

Mahler's Prodigal Son

Search This Blog