Big Three auto CEOs flew private jets to ask for taxpayer money

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Comments

  • polaris
    polaris Posts: 3,527
    El_Kabong wrote:
    i've heard guests on cnn say the unreasonable demands by unions and paying the workers too much is a big part of the problem

    don't get me started on the union workers ... same guys who demand high pay for their work but yet shop at wal-mart ...

    having said that - i'd like to see what the bonus payouts were last year to upper management ... i'm guessing they still gave themselves bonuses despite the impeding crisis ...
  • mammasan
    mammasan Posts: 5,656
    There best bet right now is bankruptcy, Chapter 11. It will be the quickest way for them to get out from under burdening union contracts and debits to suppliers. Of course the CEO's don't want this because they are more likely to loose their jobs if they file for bankruptcy. Another option is just to start selling portions of their companies to healthier competitors, but I don't think a bail out, even though originally I entertained the idea, is the right answer.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul

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