He saved millions of jobs. He transferred billions in wealth from investors holding debt to unions holding political capital. He turned around an industry. He put us all in a Volt...or not.
Listen to the gloating and backslapping about the GM second quarter profits. Gotta admit $1.5 billion ain't chump change. Attaboy, Bamster!
But, wait a second. Is there a context? Unfortunately there is. A big bunch of bucks is fine but only relative to other big bunches of bucks.
GM Profits Slip 41% For the Comparable Quarter
And this is the team touting their business management acumen over the free-market and equity investment successes?