We admit we felt pretty dumb (it's a typically feeling, really) when we read that The Detroit News reported: GM's 1st quarter: From red to black. Could we have been so wrong about GM that they could take their impressive losses and turn them, so quickly, into profits? We felt some relief when we read:
General Motors Corp. revised its first-quarter results Monday from a preliminary loss of $323 million to a $445 million profit after changing the way it will record its obligations as part of a health care agreement struck with its workers last year.Oh, man! We want to change the way we count our wives! "No, no, no, honey!" we'll say. Claire doesn't count as a wife unless you literally count her. Besides, there's room in the bed for all of us, sugarplum. ... And I agree the addition of the dirty hippie chick put us all in the red, so she's been discontinued." Anyway, apparently not everyone is so chipper about GM as Autoblog reported: Moody's may downgrade GM debt again. How many times can GM's debt get downgraded before it has to borrow money from Tony Soprano?