"Big Three CEOs Flew Private Jets to Plead for Public Funds
Auto Industry Close to Bankruptcy But They Get Pricey Perk
By BRIAN ROSS and JOSEPH RHEE
November 19, 2008—
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.
The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even First Class is good enough...."
More at the link - click Attila's header on this story, but not if you have dangerously high blood pressure already. Attila does not want you to have a stroke.
No bail out for these clowns. The industry, maybe, but ONLY if the execs are taken out of their jobs, have their perks and pay cut off, and are forced to turn over their own assets to the floundering companies. New management, responsible and answerable to Congress before one dime of worker-paid tax dollers to these weasels. They should not be living large while throwing taxpayers out of work and expecting them to also write big checks.
Fuck 'em. New management or no bailout.
Fleets of private corporate jets indeed! Money junkies. Send them to rehab. NOW