The Bailout
The basic ground rules in the USA when companies want a bailout:
If it is during a Republican administration, a bailout is vital to support our captitalist society.
If it is during a Democratic administration, a bailout is SOCIALISM and destroying our society.
I don’t disagree with the concept of bailout, but I really think those CEOs should be fired fired fired. They need to put people in charge who aren’t so stupid and greedy that they take individual $20K jets to ask for money. I would have a real problem giving them money if they weren’t willing to sacrifice (can you really call “don’t take a jet” a sacrifice in any normal person’s life?) some of their own salary and benefits to help the people under them and the company survive.
I question their ability to lead a company and manage money and I question their intentions. I am angry that they aren’t requiring them to retool (that is what they are funding…retooling the factories) to make more gas efficient vehicles. They already make them in Europe and the technology already exists, why are we not allowed to have them here in the US? Doesn’t it seem backwards to anybody else that using tax money to retool the factories is going to push back making fuel efficient vehicles? ARG!
My sentiments exactly. I have been really on the fence about this, because I feel so badly for the line workers and their families, who will be the first to lose their jobs, pensions, health insurance, etc. But, enough already. Companies have to start doing things differently. There simply is no other option.
Did you ever see “Who Killed the Electric Car?” It makes me so ANGRY at these U.S. car companies. I feel so bad for the workers & their families – but these companies have cared more about the oil companies than they have about their workers or the environment. Time to get with the times…