WreckingBallReport.com

Have you seen John Boehner’s sweet new ride? So far the GOP represents the only new car buyer that’s been able to use a ‘cash for clunkers’ voucher to purchase a new Hummer. The Grand Ol’ Par-taay opted to trade in Michael Steele, who got an EPA-estimated zero MPG both in the city and on [...]

General Motors has failed to reach an agreement with its bondholders that will almost certainly send the company into bankruptcy.  The most upsetting part of all this, besides the wasted taxpayer loans, the impending death of the Chevy Volt and the loss of thousands more jobs, is the fact that Drinking with Bob called it [...]

Chrysler, now a beat-up veteran of the economic wars, abused and neglected by an apathetic consumer market and an unloving and out of touch board and CEO is facing a major amputation.  The chronically unhip auto manufacturer is having its Born on the Fourth of July moment – facing the shuttering of nearly a quarter [...]

Chrysler is finally getting hip with what the kids are into these days. During times of recession, nothing is cooler than being poor, so for a corporation to file for bankruptcy is about as radical as grinding a serious new rail would have been in 1986. As we posted earlier, Chrysler doesn’t exactly have a [...]

US Banks Get Stress Test Grades, Bank of America, Citi to be troubled by nightmares of showing up to capitol hill unprepared and in underwear for rest of adult lives. The Tonight Show was forced into a re-run last night after Jay Leno was stricken with a mystery illness, missing work for the first time [...]

Chrysler -  the car company best known for a skyscraper that’s sleeker and more cool-looking than any car they’ve ever made – could be looking at filing bankruptcy as soon as next week. At least, that’s what the New York Times reports, and they should know, since they’ll also be bankrupt by the end of [...]

If you’re not up on the Tea Party movement that’s supposed to be culminating today, the hilarious resurgence of teabagging as a verb or the jingle funktastic tea party anthem – start here with this historic six-minute MSNBC segment on teabagging and continue below by taking a listen to the official “Tea Party” anthem, which [...]

Good girl, Lassie! You found our money! After months lost in the woods, some of our money has begun to find its way back home – thanks in part to the world’s largely ineffective leaders meeting and agreeing to give a trillion dollars to two of the world’s most ineffective institutions, the World Bank and [...]

Obie One committed a bit of a faux pas last month when he presented Prime Minister Gordon Brown and his family with an array of welcome gifts that could have easily been purchased at Dollar Tree. So, to avoid further egg on the face, or puke in the lap, in the grand tradition of Bush [...]

Wow – surprising news on a Sunday night that we didn’t have to hear from the mouth of a crusty old 60 Minutes anchor. Obie One has apparently decided that GM and Chrysler’s plans for ‘viability’ – the equivalent of a doctor’s note that the car companies had to turn in in order to get [...]