Posted on 11/19/2008 7:33:33 AM PST by Dukes Travels
The CEOs of the big three automakers flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy.
(Excerpt) Read more at abcnews.go.com ...
no matter how inept, these guys are extremely powerful and their time is valuable.
companies have private jets because they do end up saving time and time is money to these people.
of course, these companies are in big trouble and there is plenty of blame to go around. so please keep your flaming to yourselves. i am not defending them. but an article about a private jet flight? nit pick much?
i blame the michigan gov't and the unions just as much as the companies themselves.
oh, and don't forget those darn foreign automakers and their goods of higher quality.
Sure, it sucks for us taxpayers, but since is the playing field we're all facing, it is silly to assume that corporations won't try to maximize their position in it. Again, they would not be doing their jobs properly if they were not trying to maximize gains. Get government out of the insane (and anti-capitalist) business of halting all foreclosures, bankruptcies, and business failures, and these problems go away.
At the very least, Congress should ask that any funds be matched 1:1 from the private sector with equal risk provisions
I hope they don’t get it. Pelosi and Reid are tap dancing on this one. If they force it through, Bush should veto it and let Obama do it.
My neighbor retired from Chrysler a few years ago (before 50 years old) and he was just a low level exec. He’ll be the first to tell you that he was overpaid. When we talked about the $78 an hour cost of a union employee and he told me that it cost an estimated $400 per hour to employ him.
There are big problems with the union but they are far from the only problem.
Have they driven a Ford lately??
Come on. why don’t they drive what they sell. Would have looked pretty good in the front row parking a block from the Capital bldg. then the reporters could have shown them walking the rest of the way in support of Obama’s energy plan.
Uh, since they're after MY money, I want them dragged down to the poverty line.
They need to go into bankruptcy and force them to reorganize.....including the unions. Employees need to figure out if the want a job or go on the unemployment line. It’s not all the employees fault but they put the unions in charge to get them the higher wages and benefits. The average wage is $60K for putting a bumper on a car? Give me a break here.
Ah, so you despise private property, too? Here's a hint: a middle-class entrepreneur's car isn't an asset of their little LLC. The CEOs' personal planes are not assets of the large corporations, either.
If you want a government loan (which comes out of OUR tax monies) then you better grovel and act humble and start acting like you’re going to slash costs and be fiscally prudent.
Ah, so you want students to grovel for school loans, too? What is it about some people who want to see the wealthy and successful be publicly humiliated? It's been a sport for mankind for centuries, but I just never saw the appeal. (Okay, so I'm relishing the current pain of Notre Dame football, myself. I'm a hypocrite, too.)
You can start by restructuring the 2010 UAW contracts to apply tomorrow and making Wagoner work for
And here we are again, using the power of government to do utterly inapropriate things. I heard some squealing Dem yesterday talking about how we need to fire the Big Three CEO's, and replace them with better businessmen... as if it's government's choice who is on the boards of the Big Three...
Of course, after they use our stolen tax money to become large share-holders, that is EXACTLY what they will do.
The 'carbon credit' scheme is the biggest, hypocrisy ever put out by the far-left!!
So, according to them, those with money (individual and/or corporate) can BUY their way out--while those companies with less money cannot?
Yep, that's real PROGESSIVE there! /s
sell the jets & get 3 coach tickets.
there’a a start
perhaps if the CEOs & Union leaders rode together they could hammer out a deal to save those companies instead of begging
no deal - no way
perhaps after chap 11 we can help
So what? Al Gore flies private jets to his GoreBull Warming meeting.
by flying private jets.
Put aside the extra cost, the extra carbon, the extra fuel (good thing wasting fuel isn't important) used and the horrible public relations--
I'm sure that airline service is so limited between Detroit and DC that there was no other conceivable alternative! /s
Don't hate the playa, hate the game.
I'm SO "street"! ;^)
Reagan's "Government is the problem, not the solution" has never been more true.
This reminds me of when leaders from my home town, Iron River, MI traveled to Chicago to convince the executives of Chicago Northwestern Railroad to keep the passenger service Iron River was about to lose. The first question someone from Chicago Northwestern Railroad had was “How was your trip here?”. When they answered “It was a long drive”, the meeting was over.
Here's the deal. The government gives GM a grace period on its debt and legacy costs,,,,and in return,,,
Sarah is put in charge as CEO of GM!!!
I will agree that it was poor PR for the boys to show up at Dulles in the heavy iron. Makes for great theater on the part of the news media. But I have a question. How does the UAW haul Gettlefinger’s butt around? Wanna bet it ain’t Useless Air coach?
HEY! These guys only became ‘worthless executives’ when the s**t hit the fan. All was well while everyone was living large. “We are Americans; we want more, bigger, faster, newer. We have to keep up with our friends”. Why did we let ourselves sink to such a gluttinous point? It’s (we’re) disgusting, that’s it. Why can’t we accept the fact that life is only SUPPOSED to provide so much, not everything.
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