Auto industry executives ride corporate jets to ask for bailout
if you are headed to Washington, D.C., to ask the government to bail out your ailing industry with taxpayers’ money, you might want to consider not flying in on your corporate jets.
That ABC report says the jet ride cost one of the CEOs, GM’s Rick Wagoner, an estimated $20,000 roundtrip.
The way I see it, the auto industry is failing in large part because foreign companies make better cars. Detroit, the solution is - improve your product, and people will buy it. Now I realize that the recent economic problems have increased the auto industry’s woes. I get that. And I can see that if we don’t bail out the auto industry the ensuing layoffs would be very bad for the nation as a whole.
The auto industry by its arrogance gives an impression of a spoiled child, who feels it deserves a big handout and a big thank you. Detroit, you don’t. I don’t agree with Mitt Romney, who says we should just let you hang, so you’ll change your ways. But I’m tempted. Especially, if you show no sign that you might realize that your extravagant wastefulness and corporate greed might be part of your problem.
Upon being confronted by one of the senators, the auto executives replied candidly that they did it because of security reasons. What?
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