Wednesday, December 3, 2008

Automakers bailout

2 weeks ago when the CEOs of the 3 US automakers went to Capitol Hill in their private jets, I wrote a posting. I was right... and am I so proud that I was/am right.

On Thursday, the 3 CEOs will be back in Washington to beg for money one more time. 

This is a paragraph from the above article.

"Mulally and Wagoner will be driving to Washington in hybrid vehicles made by their companies when they return to Capitol Hill later this week to make their case for loans. Nardelli is also driving a hybrid to Washington."

Mulally is CEO of Ford and Wagoner is CEO of GM. 
And all 3 CEOs have agreed to cut their salary to $1 a year if the government actually bailed them out.

I am so happy that I was right about them driving their own company built cars to DC and that these stupid f**kers have actually come to their senses. 

More on the bailout and why I disagree with it...
So, stop bailing them out unless the government wants to have restrictions like how they put together Citi's bailout.


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