As 2008 comes to a merciful end hopefully it will take with it the era of lack of corporate accountability and the stream of bad economic news but I doubt it.

The end of the year brought news that another entity, GMAC Financial Services, the financing arm of General Motors will be bellying up to the Federal trough to the tune of $6 billion. One is forced to wonder who will be left out of the largesse once the printing presses runs out of ink or the dollar is rendered useless due to its overuse.

On the economic side the Conference Board’s Consumer Confidence Index for December registered a new all time record low.

Try and enjoy the football anyway.

Happy New Year!

Tags: Consumer Confidence, GMAC

This entry was posted on Tuesday, December 30th, 2008 at 5:24 pm and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.