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

(from CNN.com/US. For full article click here.)

MY COMMENT: although it may bring hardship to the American people, I still say we should demand our congress NOT to provide any more assistance to the Detroit auto companies - these outdated, decrepit and bloated institutions need to fail. How else will greedy two-faced capitalists learn if not from their mistakes?

Don't even get me started on the ineffective trade unions such as the UAW...although such unions were instrumental in the '40 and '50s for implementing the 8 hour work day, the 40-hour work week and other such standards we take for granted, they, like the rest of the capitalist fat-cats need to get in touch with a global economy in the 21st century.

This is right up there with the Wall Street golden parachutes and the luxury vacations for AIG employees.

ABSOLUTELY OFFENSIVE!

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

(CNN) -- Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money.

Chrysler CEO Robert Nardelli, left, and Ford CEO Alan Mulally testify on Capitol Hill on Wednesday.

"There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they're going to be trimming down and streamlining their businesses," Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee.

"It's almost like seeing a guy show up at the soup kitchen in high hat and tuxedo. It kind of makes you a little bit suspicious."

He added, "couldn't you all have downgraded to first class or jet-pooled or something to get here? It would have at least sent a message that you do get it."

Rep. Brad Sherman, D-California, asked the three CEOs to "raise their hand if they flew here commercial. Let the record show, no hands went up. Second, I'm going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up."