Thursday, August 02, 2012

Defining Success Downward

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?

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