OMAHA, Neb. (CAP) - The Omaha-based Acme Widget Company is applauding the fact that they will only lose $296 million this year, down from a predicted $423 million.
"I'm ecstatic!" said Acme CEO Robert Edwardson. "And our workers should be, too! We only had to lay off 50 employees instead of the projected 75, so instead of a blood letting, it's more like just a minor laceration.
"It also means my bonus remains relatively intact, so my kids will still have a good Christmas," Edwardson added.
Edwardson spoke to CAP News at a special Omaha block party organized to celebrate the shortfall, the fourth largest in company history.
"This is a vindication of my stewardship, a sure sign that we're only losing quarts of blood per quarter, not gallons," Edwardson said between limbo attempts.
The news is good for the widget company, which has been trying to open up widget markets around the world. International widget financiers reacted positively to the negative news, promising to move company stocks from sell to hold.
The Obama administration was quick to pounce on the news and claim it as a sign that the economic stimulus packages laid out in recent years are finally working.
"The president firmly believes that you can lose a shitload of money, so long as you lose less than you originally claimed you would," said White House Press Secretary Jay Carney. "Business people know this, that losing money is good, that, uh, break a few eggs to make an omelette, and trickle down - look, a purple bunny!"
CAP News reporter Bobby R. Walters was unable to catch Mr. Carney to ask a follow-up question.
- Rich Gray