Browsing the archives for the Bailout tag.

“Next in Line Please”

politics

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Sign O’ the Times

Lifestyle, politics

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Appearances

politics

When the average Joe or Jill goes for a job interview they must sell themselves to their prospective employer.  If you or I go to the bank for a loan we must show our credit worthiness and in some cases offer collateral.

The current economic storm has shown us some things that make average people’s heads spin!

We heard about the AIG spa resort outing while the company was sinking and later reports from ABC NEWS of secret, expensive junkets after additional bail-outs to the firm.

Now the CEO’s from the U.S. automakers are on Capitol Hill begging for a “bridge loan”.  No one disputes that the auto industry is hurting, although these CEO’s unsurprisingly wash their hands of any responsibility in their company’s losses.

So how did these CEO’s get from Detroit to Washington D.C.?

Yes, you guessed it!  Expensive corporate jets!

General Motors CEO Rick Wagoner arrived on his comany’s cushy Gulfstream IV, ABC News reported. Ford CEO Alan Mulally flew in on a private company jet as well. ~ Reuters

Spending $13,000 -$20,000 round-trip to ask for money from taxpayers who can barely afford to drive across town to visit relatives for Thanksgiving seems a bit stupid and sends the wrong message.

Maybe, GM, FORD & Chrysler should have the heads of their Marketing Firms speak for them in Washington instead.  They haven’t been able to move cars lately, perhaps they could move Congress.

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