Have you seen the latest GM commercial? It’s a minute of liberal emotionalism, underscored with heart-tugging music, and is based on zero economic reality. Give it a view before moving on to my analysis of the GM IPO.
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Thanks to the visual imagery of Josh Dyess at WallStats.com I am happy to help educate the masses. Josh has a creative eye and can help you get a better understanding of complex (and not so complex) stuff via pictures. Check out his site when you have a moment. [update: Josh tells me he didn't create these images, he got it from a friend, who got it from a friend, etc. So, I don't know who actually created them. But still visit Josh's site, its pretty cool.]
So, how big is a trillion?
Read this article for a lesson on how Barack Obama is showing how to truly steal our rights away, unlike that amateurish “W” who was only accused of doing so by the whiny, hippy left.
The Obama administration denies it threatened anyone. And yet over the past week, one by one, formerly protesting bondholders have abruptly gone silent. Last week, the non-TARP group represented bondholders holding $1-billion in Chrysler bonds. By the end of this week, the group had shrunk to represent only $300-million in bonds. As one commenter observed: that shrinkage suggests that the threats were real.
