Red Sox former slugger, David (Big Papi) Ortiz is mired in a terrible slump. Former US auto making giant, GM is mired in a terrible slump. If you had to make a choice, who would you keep: Big Papi or GM? Both have histories of tremendous production. Then again, past performance is no indication of future returns.
If you get rid of GM, the economic impact could be staggering for generations. If you get rid of Big Papi, the emotional toll on Red Sox Nation could take generations from which to recover. If you let Big Papi go, who’d take his place? They’d have to import a hitter from another team which could cost millions of dollars and many talented players. If you let GM go, foreign manufacturers like Toyota and Honda would sell most of our cars. (Wait a tick, aren’t they already the most popular?)
But why keep GM? Certainly mismanagement and lack of foresight caused their present crisis. Why should we pay for their mistakes? Ford seems to be doing ok. By the same token, why keep Big Papi? He gets paid a lot of money just to hit and right now, he isn’t even doing that.
It’s quite a dilemma, but for me, based on pure dollars and cents, I’ll keep Big Papi. He won’t cost me the tax dollars that it would take to bail out GM, and I can wait for the new combo car/airplane to be available for the ultimate in transportation. And heck, maybe JD Drew will get hot. (Yea, right!)
Filed under: Finance
