Tuesday, March 31, 2009

The Fatal Conceit

According to the government, GM's Rick Wagoner was forced to resign because of poor performance. That’s embarrassing. You run an organization that loses billions of dollars and then get fired by a guy who heads up an organization that loses trillions of dollars.

~Jay Leno

3 Comments:

At 3/31/2009 10:14 PM, Blogger QT said...

Nice one :-)

 
At 4/01/2009 8:55 AM, Blogger Shakes The Clown said...

"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'" - Ronald Wilson Reagan

 
At 4/01/2009 6:41 PM, Blogger PeakTrader said...

The increases in the quantity and quality of autos exceeded the rises of inflation.

After the market clears of excess capital and goods, there will likely be rising interest rates, accelerating inflation, and greater taxes, or the illusion of prosperity, e.g. through the creation of inefficient jobs.

 

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