by Roger Allen, publisher
This is the Twilight Zone
The Dow rose 221 points on Monday, the day General Motors filed for bankruptcy. In fact, stock markets all over the world went up.
On Tuesday, GM’s new CEO, Fritz Henderson, gave a news conference in which he apologized for any shoddy products produced in the past. He promised better from the reorganized company.
He also announced that GM had just sold its Hummer division. Oh, darn, I wanted to buy that one myself. Hummers are BIG.
We taxpayers gave GM billions of dollars and all we get is a share of the uncertainty, although on Tuesday CFO Ray Young said, in an interview, that he hoped to pay back the money. He optimistically foresees the new GM becoming profitable in 2 or 3 years.
Hope he’s right. Hope the financial industry we bailed out does well, too. We need the money. Last year the total wealth of all U.S. households declined by $11,200,000,000,000.
In the old days, if you worked hard and smart you could get rich. If you screwed up badly, you lost everything. Personally, I liked that system better.
The seventh grade seems to be full of poets. Aaron Rose sent me one and I reprint part of it:
Spring is the season of
Not quite winter
Not quite summer
And not a lot of school left.
There was more, but this is the part that spoke to me.
My mother said . . .
1. My mother taught me TO APPRECIATE A JOB WELL
DONE. “If you’re going to kill each other, do it outside.
I just finished cleaning.”
2. My mother taught me RELIGION. “You better pray
that will come out of the carpet.”
3. My mother taught me about TIME TRAVEL. “If you
don’t straighten up, I’m going to knock you into the
middle of next week!”
4. My mother taught me LOGIC. “Because I said so,
5. My mother taught me MORE LOGIC. “If you fall out
of that swing and break your neck, you’re not going
to the store with me.”
6. My mother taught me FORESIGHT. “Make sure you
wear clean underwear in case you’re in an accident.”
7. My mother taught me IRONY. “Keep crying and I’ll
give you something to cry about.”
8. My mother taught me about CONTORTIONISM. “Will
you look at that dirt on the back of your neck!”
9. My mother taught me about STAMINA. “You’ll sit
there until all that spinach is gone.”
10. My mother taught me about the science of OSMOSIS.
”Shut your mouth and eat your supper.”