General Motors announced that they are ending their endorsement deal with Tiger Woods. When asked why, a spokesperson for General Motors said, 'Tiger Woods is successful, competitive, and popular. And that's just not us.'
The auto executives for the Big Three are being criticized now, because, before they asked Congress for billions of dollars, they all flew to Washington in private jets. Yeah, separately, in private jets. In their defense, the executives said, 'We would have driven, but our cars only get three miles to the gallon.
Earlier today, the heads of GM, Ford, and Chrysler appeared together in front of Congress to ask for a $25 billion bailout. And here's what's interesting. When asked what they would do with the money, all three of them said, 'Buy a new BMW.'
This weekend, the leaders of the world's richest countries got together to discuss the global economic meltdown. Yeah. President Bush wanted to go to the meeting, but after last week, the U.S. is no longer one of the world's richest countries.
Congress trying very hard, once again, with this bailout plan. And economists are now claiming that our nation's leaders did not properly explain the bailout plan to the public. That was the problem, yeah. After hearing this, President Bush said, 'While you're at it, could someone explain it to me?'
American Express is in financial trouble. The company reportedly wants a $5.5 billion loan from the government. Yeah, unfortunately for American Express, the government only takes Visa and Diners Club.
