So now the economic recovery has been in full swing for almost a  quarter I was shocked to hear that GM failed to find a buyer for their Saab division. They could not find a buyer even at the minuscule price point of $1. Just goes to show that maybe the recovery is not quite as robust (if it is happening at all?) as people would have us believe.

At this stage I’d expect Warren Buffet to step in and pick up the pieces of this broken business. I put a call into his office to see if he had any intention of buying this distressed car maker, but his secretary said he was too busy trying to making 20,000 truckers unemployed by his purchase and promotion of the Burlington Northern (BNI.N) railroad, all under the pretense of being ‘green’. Cut the nonsense Warren, we all know the only green you care about is the green in your pocket. Those truckers’ families don’t care about the tonnes per gallon your rail cars can transport (and how great it is for your bottom line), when they are hungry and panhandling (hopefully in your hometown) on the streets of America. And the mainstream press champion this guy as a true American patriot.

In other news, I have been quite busy of late with family commitments, having received both my parents followed by my Sidewalker-in-law at Castle Sidewalker. It has been great having them all visit, but it has curtailed my blogging somewhat. Oh and one last thing, yes I do know I need to update my Cash Trail Map!

-Luke Sidewalker

-Current balance $25.70

I’d like to thank you all for the messages of encouragement I have received on Twitter since I joined the network. I have also received a lot of messages from people saying how much money they are finding. I find it fascinating just how much cash is laying around out there as we sit watching GM, Chrysler and the State of California going bankrupt. Not for one minute am I suggesting their ills could be cured by making their employees go on a sidewalk cash hunt, plus that is the kind of competition I don’t need! It is intriguing though knowing all this free cash exists, but is it too widespread and too small of a denomination to help anyone in these hard times?

When I have more time I will try to do some Sidewalker math and calculate how much cash I believe is on the sidewalk at any given moment in America, unless there is a reader out there who would like to do my dirty work for me and suggest a total with accompanying methodology?

In other news, things are rolling along quite nicely at Castle Sidewalker and between the four of us we have amassed $1.12 so far this month, far exceeding my hoped-for 2 cents per day average for June ‘09; and we still have 15 days to go. Our latest finds can be seen on my Cash Trail map in the side bar to the right. It looks like Hoboken, N.J. is the town that just keeps on giving!

-Luke Sidewalker
-Current balance $11.27

…along with every other taxpayer in the U.S.! I have been dreading this day for some time. The day that is when someone I don’t know, acting on information I’m not privy to, decided that I invest in General Motors. How come the “faceless few” never invests my funds in healthy companies?

I don’t watch a lot of business news as I’m sure you’re aware of if you have been a reader for some time, but I did come across this little gem on CNBC. One of the talking heads said “There is a silver lining to the GM chapter 11 bankruptcy, they are the number one car and truck seller in the U.S.”. Lets think about this oral buffoonery for a second. If loss per unit sale is an irrelevance let me go on record as saying, you pick the product and Sidewalker Enterprises will be the number one seller of said product in the U.S., with the “doesn’t matter what you lose” provision in place. And to think CNBC is a major source of business news for the majority of the Nation.

I don’t like to rant but I could not keep a lid on this one. No money found since the last post, some money lost to Detroit though…

-Luke Sidewalker
-Current balance $10.15

Can you believe that! I had a little rant about everyone driving too much on Saturday (see below), then first thing Monday morning the CEO of the biggest car manufacturer GM (otherwise known as Gimme Money) gets fired, by none other than the President of the United States himself Mr. Obama. In my memory I have never seen the CEO of a private company get fired by a President -in this country at least-, this is not a political blog, which is just as well, because my mind is still wrestling with the rights and/or wrongs of that action! Still it’s good to know that President Obama is clearly an avid follower my blog, Mr. President the “followers” section is to the lower right of this post feel free to sign up.

Meanwhile Mr. Wagoner has got some time on his hands, and being a former fat cat exec without a current revenue stream, may I be so bold as to suggest you get out there on the sidewalks of America and start picking the cash up. The walk will do you good and I’m sure the cash wouldn’t be unwelcome at this juncture…

On a side note, 11 cents found today, locations on map.

-Luke Sidewalker
-Current Balance $6.51