In 2007 GM lost $4,589 on each car they sold, in 2008 $4,670. Imagine any GM car, then remove things from it that cost four and a half grand*. This is the car you would get when would try not to loose money on making them. What do you care? Well you should, since next week you will probably own GM. And their losses will (continue to) come out of our (tax) pocket.

* OK, I got those numbers from the Internet and did the division myself, so all sorts of things could be wrong here. And you can also put back about one thousand dollar worth of parts into your imaginary Escalade: That’s what gets spend on marketing to convince you to buy the thing. How about a spare tire, seatbelts, a radio and a fan on the passenger side?

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