. . . there is a silver lining.
On this day - when the far left holds all the reigns of power, when they are spending our country into penury, when they are putting the nails in the economic coffin with cap and trade, and when they now threaten to turn us into a third world dictatorship by criminalizing political differences . . . there is still some very good news. If I read this right, the NYT, that left wing rag which bears much responsiblity for our current situation, is closing in on economic collapse. They have debts of $1.3 billion and effective cash reserves of only $34 million. Further, "in the past year, the Times cut its dividend, mortgaged its headquarters and borrowed $225 million at a hefty interest rate from Mexican billionaire Carlos Slim." Their stock is currently trading under $5 a share. This is a company that, prior to Pinch moving it hard to the left at the beginning of this decade, was trading at over $50 a share.
As far as I'm concerned, this is proof that God exists.
Wednesday, April 22, 2009
For Every Dark Cloud . . .
Posted by GW at Wednesday, April 22, 2009
Labels: New York Times, NYT
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1 comment:
It will be bailed out, unless there is a strong enough populous opposition. If the public is unaware, they won't oppose the bailout.
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