Wednesday, November 19, 2008

Bailout of Big Three


During the House hearing Wednesday, Rep. Brad Sherman, D-Calif., asked the three auto chiefs seated at the witness table before him to raise their hands if they had come to Washington on commercial airliners. No hands went up. Then he asked if any planned to sell their corporate jets. Again, no hands went up.

Sherman and Rep. Gary Ackerman, D-N.Y., told the auto executives they were having a hard time justifying to their constituents bailing out companies whose chiefs fly around in expensive private jets.

Ackerman said there was "a delicious irony in seeing private jets flying into Washington D.C. and people coming off them with tin cups in their hands."


Complacent Panda said...

I hope congress, or whoever, figures out something better to do than bail out another failed company.

OE Trader said...

Nice! I missed that exchange with Sherman. I wouldn't put any hope on our Congress. They've been useless these past few years.

Complacent Panda said...

What's happened to you matchpoint? =/ hope things are alright.