Nov 19 2008
Auto Bailout, how about they cut some luxury spending first.
ABC news reported today that the Heads of the BIG 3 auto makers went to DC to plead for money. All three arrived in separate private jets, a trip in a private jet from Detroit to DC costs about $20,000 dollars. An economy ticket would have been $288. One of the CEO also made over 25 million dollars last year.
Now they are pleading that the Government Bail them out and give them 25 billion dollars. As a CEO you probably deserve a reasonable salary, but if the ship you are leading is about to sink to the bottom of the sea, my tax dollars should not be there to throw you a life line. If the CEOs are not feeling the pain, then my Tax dollars need not be used to heal the wounds.
