At 7 grand a day pretty soon we're talkin' real cash
General Motors continues to rack up fines of $7,000 a day for failing to fully answer a list of 107 questions from federal safety regulators about its ignition-switch recall.
The answers were due April 3, which means GM’s tab already has surpassed $150,000.
GM has said it won’t know some of the answers until an internal investigation concludes, possibly in late May.
If that’s when the fines stop, the government would collect roughly $400,000 — enough to pay President Barack Obama’s salary for the year.
But if GM keeps procrastinating, a free president is just one of the possibilities:
In three more months, the government could buy a Corvette Stingray for Vice President (and noted Corvette fan) Joe Biden and each member of Obama’s Cabinet.
In five more months, the government could buy one of every vehicle in GM’s U.S. lineup and crash test them again, just for fun.
In 4,110 years, the government would recover all $10.5 billion lost on the GM bailout.
In about 6,000 years, the government could buy back all 1 million Chevrolet Cobalts ever sold in the United States.