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one billion

Volkswagen Deal or No Deal?

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Politicians and media outlets were in a heady romance yesterday as they cheered the announcement that the European auto manufacturer Volkswagen had selected Chattanooga for an estimated one billion dollar facility.

Jobs! Prestige!

Well, I am not convinced.

"...Exxon’s last earnings for all of 2007 were a record $40.6 billion"

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Yikes....

I wonder what returning one billion of those profits to its customers would actually look like in terms of the reduced cost of a gallon of gas??? How about $20 billion? Is $20 billion in profit enough per year for even the most hardcore capitalist?

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