Did these auto execs handle the hearing in the best manner? No. Were they treated with respect by either Democrats or Republicans? No way. They were treated like petulant children in need of a good spanking.
You may be right, but I think there is a major fault line beginning to be exposed in the Democrat party, and currently coastal liberals (who hate Detroit) are running the show.
Let's keep a close eye on upcoming events.
“No way. They were treated like petulant children in need of a good spanking.”
I fear that on this issue I have great difficulty retaining a non emotional perspective. I was so frustrated by their appearance, the union guy and the Ford president were okay but the other two were very weak.
I also am somewhat influenced by the optics that come from knowing that the president of Toyota makes $1m a year and the president of GM makes $15m. Toyota has a $5b profit and GM has $15b loss. We don’t need to say too much about Wall Street. I own shares in Goldman, they are less then half their value now and I hear the president (Blankfien) takes a $50m bonus and the top 10 executives each got a $25m bonus.
Like many others who saw their 401k investments depleted, I believe a few people need to be spanked. It may not be the role of government to discipline these guys but, would you trust them with billions and billions of taxpayer funds without some kind of guarantees and appropriate controls.