Main Street – June 4, 2009

June 4, 2009 // 0 Comments

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.   Good news The seventh grade seems to be full of poets. Aaron Rose sent me one and I reprint part of it:   SPRING 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,         that’s why.”   5. My mother taught me MORE LOGIC. “If you fall out       of that swing and break your neck, you’re not going       […]