Dr.Jackpot

Will the White House Bail Out Detroit?

Was the timely announcement that GM had hired a bankruptcy firm a BLUFF intended to scare whoever---------or was this a genuine intent?

Pre-packaged Bankruptcy Is GM's Only Option - Barron's

Here's the math I just did on my H/P calculator. In 1940 my father bought the biggest Ford sedan new for $900. I'm just guessing today's cost at $40,000 what with sales tax, registration and all the mandated ripoffs. Divide 40,000 by 900 and you get an increase of 44.4 times the 1940 cost. Now take the 68th 'root' of 44.4 and this will give you the average annual compounded increase in cost for the 68 years. This works out to 5.736% per year compounded. So you can figure that no matter WHAT the government says-------inflation is going to be 6% compounded (or more) for the rest of your life and beyond.

Jobs Are Obama's Job No. 1

I'll pay you $40 an hour to rub my back. Then I'll charge you $40 an hour to listen to your problems. Hey----then we can both go down to Circuit City and buy a new Chinese TV--------on our credit card of course. Why not? Were're both employed are we not?