The Tennessee ConserVOLiance

A few numbers and comparisons that might help folks adjust to the new realities.

Tennessee, with 6 million people, is now projected to receive $4.5 BILLION as its share of the Stimulus Package. Rep. Stacey Campfield has posted the latest details online. That’s $750 for every man woman and child in Tennessee. Personally, since I’m married with six children still living at home, I’d rather have a check for $6,000!

As of noon today, General Motors shares are off 17% and trading at $1.82 per share. The total market capitalization for GM stands today at $1.1 billion.

The state of Tennessee could take 25% of its Stimulus package and BUY General Motors.

The Saturn Plant in Spring Hill, Tennessee cost $3.5 billion to build. It opened in 1990.

Wrap your heads around those numbers.

Maybe the State of Tennessee SHOULD buy GM. We could then either lease or sell the facility to Volkswagen and keep the workforce in Spring Hill on the job. The state might even make a dime or two on the transaction.