Thursday, November 20, 2008

Are these people serious?

Ok, so we're in this big financial crisis, the automotive companies are burning through cash faster than the wildfires in California, so the CEO's go to Washington to beg the Congress or Senate or whoever for a 25 BILLION dollar loan package to keep them afloat. Is this in the best interest of the auto companies if they get this money? Yes, probably. If they were to manage it correctly, this could save hundreds and even thousands of jobs of Average Joes trying to make ends meet. Will they even get the opportunity to try and save these jobs? Probably not. Why? Well, there are a few reasons, I'm sure, but don't you think that if you were a CEO of major company in MAJOR financial trouble, that you'd try and illustrate to the committee that you're testifying to how terrible the situation really is. These moron CEO's of the "Big Three"--GM, Ford, and Chrysler--felt that the best way to show this was to blow $20,000 each on money they don't have to pay for the corporate jet of each company to fly their sorry pampered little behinds to Washington to ask for TAXPAYER money. REALLY??? The reps for the CEO's claim that it is company policy to fly CEO's by private jet for "safety reasons." Well, I have news for you. Because of all of their "policies" such as these countless other companies have had to let thousands of people go. If they would have flown commercial, it would have cost about 500 bucks each. That is a savings of $15,000 each....which isn't a lot in the grand scheme of things, but if they're stupid enough to blow that kind of money in a situation like this, how many millions of dollars have they blown under the radar? I think that the fact that these CEO's have lost their grips on reality may cost them dearly. Not that they care...they all have more money than they know what to do with...why would they care about the average person? It's disgusting. The industry needs to change, and it may take all three of the Big Three hitting rock bottom for that to happen, and I hate to think of all of the casualties that will ensue along the way.

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