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50 government take overs of private industry.
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Nice
http://www.sportingnews.com/yourturn...c.php?t=555566 GM says bankruptcy won't hurt Olympic sponsorship VANCOUVER, British Columbia (AP) -- General Motors says filing for bankruptcy protection will have "no impact" on its sponsorship of the 2010 Winter Olympics. GM has committed more than $60 million to the Games, mostly in the form of cars and trucks, though roughly $12 million is in cash. "There will be no impact on our sponsorship of the Winter Games," company spokesman Stew Low said via e-mail Monday. "We are fully committed to our support." Low wouldn't say how much has already been handed over to Olympic organizers and how much is yet to come, but he did confirm that parts of the sponsorship, including some vehicles, are not yet delivered. Olympic organizers said they're confident GM will deliver on its sponsorship commitments. "Over the past several days, our senior executives have been in regular communication with our partners at GM Canada Ltd. who have reaffirmed their support for the 2010 Winter Games," Renee Smith-Valade of the Olympic organizing committee e-mailed. "GM has been an exceptional partner and has met all of their commitments to date, both financial and value in kind." |
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Flashing back to about 29 years ago, let my good friends Arlo Guthrie, Pete Seeger and Tom Paxton bring you up to date...
--------------------------- Oh the price of gold is rising out of sight And the dollar is in sorry shape tonight What the dollar used to get us Now won't buy a head of lettuce No the economic forecast isn't right But amidst the clouds I spot a shining ray I can even glimpse a new and better way And I've devised a plan of action Worked it down to the last fraction And I'm going into action here today CHORUS: I am changing my name to Chrysler I am going down to Washington D.C. I will tell some power broker What they did for Iacocca Will be perfectly acceptable to me I am changing my name to Chrysler I am headed for that great receiving line So when they hand a million grand out I'll be standing with my hand out Yes, sir, I'll get mine When my creditors are screaming for their dough (for their dough) I'll be proud to tell them all where they can all go They won't have to scream and holler They'll be paid to the last dollar Where the endless streams of money seem to flow (seem to flow) I'll be glad to tell them what they can do (they can do!) It's a matter of a simple form or two It's not just renumeration it's a liberal education Ain't you kind of glad that I'm in debt to you CHORUS: I am changing my name to Chrysler I am going down to Washington D.C. I will tell some power broker What they did for Iacocca Will be perfectly acceptable to me I am changing my name to Chrysler I am headed for that great receiving line So when they hand a million grand out I'll be standing with my hand out Yes, sir, I'll get mine Since the first amphibians crawled out of the slime (of the slime) We've been struggling in an unrelenting climb We were hardly up and walking before money started talking And it's sad that failure is an awful crime Well it's been that way for a millenium or two (um or two) But now it seems that there's a different point of view If you're a corporate titanic and your failure is gigantic Down to congress there's a safety net for you I'm changing my name to Chrysler... ------------------------------ And anyone who thinks the current bail-out is going to save these unrelenting failures is a fool. |
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I love my Denali
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