Well, like everyone else in the country I've been watching the utter bullshite about the various bailouts and such going on.
In a nutshell we're all in trouble because corporate "virtual numbers" don't add up.
Wait... Yes... I said "virtual" as in "not real."
The majority of the companies and businesses in "trouble" today are in trouble not because their losing money. They're not... they're showing profits and I defy you to show me any of these books that show that any of these companies are really operating in the red... in short once we subtract the costs of operation from the gross income... that they have made less than one cent.
You can't because it's not true.
But then how come they're saying we're in trouble?
It's because they consider that under a specific margin of growth is bad... a "Loss". For example... GM declares that it will make 100 million this year. At the end of this year, they only (snicker) make 90 million. Ok... in the real world, that means that they made a profit of 90 million... which is a good deal of money.
But... guess what? GM sees it as a loss
of 10 Million.
No... you read it right. They consider it a loss because they (here's that word again) only
made 90 million.
That's right, all these businesses that are reducing our pay and benefits, terminating our jobs and outsourcing for pennies on the dollars, and downsizing operations are doing so, so that they can make up that 10 million dollars.
If you're not seeing the rudimentary flaw in this reasoning, then you work in Upper echelon GM... or you happen to be one of uour current crop of Congressmen or Representatives that are letting them do this.
I think that every member of the House and Senate should immediately take a remedial math course, and be handed a dictionary.
Who's with me?