Come for the Politics, Stay for the Pathologies



Friday, July 17, 2009

BIDENOMICS 101

Here in Detroit,  the former motor capital of the world, we know a little something about Bidenomics

As you can see below, Joey B explains at a town hall meeting in Virginia that “we have to spend money to keep from going bankrupt”.

He’s talking about the Detroit Business Model. For years the Automotives  have thrived by following one of the basic tenets of Bidenomics:  “ We lose a little on every sale, and make it up in volume.”

How’s that working out for you so far GM? Chrysler?

Signing off from NoMo Motown.