Wild times

My town is right now on watch. We all sit by our televisions, radio, and internet to find out what is the latest information we can find out about Chrysler and General Motors. Specifically, is General Motors going to buy Chrysler from Cerebus and basically wipe it off the map?

While we all bite our nails contemplating the economic impact of such an occurrence, it pushes through a series of items through my mind making this all terribly fascinating to analyze as it all takes place.

#1 - How does GM who has no money according to their financial reports and a dirt low stock price go and buy a company (Chrysler) that made an operating profit last quarter in a terrible economy and has nearly $12B sitting on the side?

#2 - How does Cerebus think it is good business to divest themselves of a company that when they are not allowed to manage themselves and times are good is the most profitable Big 3 auto company?

#3 - What good does almost $12B cash do you if you will spend it right away on merging the two large operations?

#4 - How does getting larger help GM which is only second to the federal government in bureaucracy?

#5 - If Chrysler stopped completely tomorrow for any reason what would be the financial and population impact on Southeastern Michigan? Sure we realize it is huge but does anyone know how much of an impact it will be. It would all encompassing including everything from hospitals to suppliers, entertainment to housing, tourism to whatever you can think of right now.

Of course all these questions come as today is it is announced that Kirk Kekorian will be selling off his shares of Ford. This is after he spent a premium on shares a few months back spending an roughly 30% over the stock price at the time.

All this talk along with economic news that does make any one warm and fuzzy at all, makes one wonder what the future holds and the changes that will take place all across the board.

There is nothing settling with any of this but at the same time it does force us to take inventory of everything and figure out if there is something we need to do different. This is tough to anticipate since we don;t know what will be the end results of it all. We must realize on our instinct and that American spirit will have to carry us through this turmoil that happens in every country's history.