Thursday, February 26, 2009

I have to ask: how many BTUs does $6.2 billion generate?

Fox News: "General Motors Corp. says it lost $9.6 billion in the fourth quarter and burned through $6.2 billion in cash as it sought government help to avoid running out of cash."

This is the unsurprising reaction: "Meanwhile people have had it with the auto companies: "Just one-fourth of Americans think the government should continue lending money to Detroit automakers, according to a new USA Today/Gallup Poll, even though the manufacturers say they’ll go out of business without federal help. That’s a huge, and fast, change of heart. In December, before the government approved emergency auto loans, the poll found that 61% favored some kind of government help."

No comments: