Wednesday, April 22, 2009

Financial Fiasco

As the death clock ticks closer to bankruptcy for GM and Chrysler, a shiver goes through the financial and social spectrum. Where will people go? Are the parts suppliers screwed? Canada just promised debtor-in-possession financing of $6 billion dollars to the big 3 automakers. In plain english, this means Canada will promise up to 6 billion dollars in aid if the automakers decide to go bankrupt and reorganize.

Brush up your resume. Polish up your job searching skills. Buckle up your seatbelts. It's going to be a rough ride until we get through the brush and deadwood. It's too bad the economy is riding on a 1975 Ford Pinto.

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