Auto Bailout

Oh, and by the way, how much is left of the TARP?

Isn't it only $10 billion?

GM looks like it's done.

And Honda, which doesn't have the debt overhang or the millstone of union wages around its neck is cutting production by 120,000 next quarter.


The good news about deflation is that lower prices, especially gasoline and food, will put about $1,500 per person back into consumers' wallets over the next year.

The bad news is that 1,900,000 jobs lost has already taken out $300, and $7 trillion in lost wealth has amounted to $23,000 per person.

Ouch!