Wednesday, April 9, 2014

A Step in the Right Direction

The National Transportation Safety Board is fining General Motors $7,000 per day for GM's failure to respond to the NTSB's demand for information about GM's cover-up of their safety problems.

This is a great idea. At seven grand a day, US taxpayers will have their bailout money repaid in only about four millenia. Better than I thought it was going to be.

A note on the math: $7000 x 365.25 days = $2,556,750/year x 4000 years = $10,227,000,000.

That isn't quite all of what's owed, but it's close.

More seriously: It's way past time to put an end to crony capitalism (by both parties).

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