GM has a market capitalization of about $2.4 billion. For purposes of comparison, Toyota's market cap is $100 billion and change (the change being bigger than the whole of GM). General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small money-losing auto subsidiary. The UAW is AARP in an Edsel: It has three times as many retirees and widows as "workers" (I use the term loosely). GM has 96,000 employees but provides health benefits to a million people.So much for the auto industry, how about newspapers?
I loved the American newsrooms you saw in movies like "The Front Page," full of hard-boiled, hard-livin' newspapermen. By the time I got there myself, there were no hard-boiled newspapermen, just bland, anemic newspaperpersons turning out politically correct snooze sheets of torpid portentousness.
Okay, that'll do for newspapers, how about iconic California?
When Gov. Girlyman has run out of state taxpayers to fleece for his ever-more-bloated bureaucracy, he'll go to Washington to plead for a federal bailout of Cantaffordya.So California is a mess, New York must be okay, right? Nah....
Gov. Paterson is said to be considering appointing Princess Caroline of Kennedy to Hillary Clinton's vacant Senate seat. After two and a third centuries of republican experiment, America has finally worked its way back to the House of Lords.
Lets just say that Mark Steyn isn't really upbeat at this moment in our nation's history. Ya gotta read this column, it is priceless.
