GM’s Payback

Good news! General Motors has gone public. You and I can now become part owners along with the Federal Government and Chinese auto makers. We’re also informed that GM has begun paying back its debt to the taxpayers for their 50 billion dollar bailout of the bankrupt corporation. Golly gee wiz, Mr. Economics, does that mean by buying GM stock we’ll be paying ourselves back?

By the way, have you noticed that when people speak of the rich, they lump millionaires into the same category as billionaires? A million is a thousand thousand, a lot, but not much compared to a thousand million. If your small business is pulling in $200,000 a year, don’t you feel proud to be among the rich?

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