US Automaker CEOs Spend $60K to fly on $35M Private Planes to go to Washington to Beg for Bail Out

Each of the CEOs spent $60K to fly on $35 million private planes to fly to Washington, D.C., to cry "poor" to US Congress with their hands out asking for an automaker bail out

Category:

News & Politics

Tags:

• Larry
• King
• Brian
• Ross
• EOs
• Ford
• General
• Motors
• GM
• Chrysler
• Bail
• Out
• Private
• Planes

[Eurotrash4367]

The entire world economy has been based on Americans living above their financial means for the past 40 years. As a result, a small number of people, CEOs and politicians, have become millionairs. The whole thing is a pyramid scheme and it was bound to crash. I'm not an economist but things are bound to fail when 5% of the population controls 50% of the wealth.

[GettingtotheTruth2]

I'm not sure what the numbers are in Europe, but in the United States the numbers are actually that 1% of the population earns 90% to 95% of the wealth in this country.

[Johnforney]

Long live Ford. Bye bye GM.

[auskinboy]

Oh! And here I was thinking the Unions might be doing something useful like demanding that their workers be paid a decent wage which might afford them a standard of living ... let's not even ask for a *reasonable* standard of living but just a standard of living and silly things like guaranteed safety in the workplace and maybe ridiculous nanny namby pamby things like paid meal breaks so that the employees can work better. For shame on you!!

[VeyLaren]

Ahhh! ThankGod I bought a GM car and helped these fellas out...Otherwise They just might have had to ride Commercial like the rest of us :O

[123nypd]

American business people are greedy; care about money; and dont give a fuck about people lower than them. FU CEO's

[Xaravingian]

The problem with many of these large companies is that they firmly believe their product is consumable (regardless of the product - cars, printers, software, etc).

Once a consumer starts to realize they're being forced to buy some piece of junk over and over, they get smart - and with the markets becomming more and more global, it's far easier to find a competitive product.

So, ironically, these companies make consumable products and by virtue have themselves become a consumable company.

[emforty2]

you are abosolutely right on this its a pyramid scheme.

[jjrglobal]

This is the dumbest shit ever and just goes to show how much the idiots in congress and the media are unable to use any logical thinking. Lets see, you're running a corporation with plants and dealerships all over the world, and these ass clowns want the executives to fly commercial so that a 3 hr flight takes ten hours. Perhaps the government and unions destroyed the company and not the CEOs

[mentalholocaust]

Fuck GM!

[kentsuper100]

I heard that china company,Nanjin automobile

is goin to purchase GM with ccp`s help.

China has already started american invasion.