Auto CEOs Tell Congress Why They Need $25b

General Motors Corp. chief executive Rick Wagoner told the House Financial Services Committee that collapse of the U.S. auto industry could lead to a loss of 3 million jobs within the first year. (Nov. 19)

Category:

News & Politics

Tags:

• auto
• bailout
• ceos
• congress
• $25b

[DanCamFXPro]

Ford is the only one turning around a profit

[stoneofrefuge]

plus the recession has been caused by the Greedy ceos and greedy traders at wall street putting the toxic debts board to trade on. It makes me sick to where I want to puke. I think that we all need to trim former officials salaries and force them to sell part of their homestead and farmland. Plus force their kids to work in cheap public system to bring them up like we all have to slave for the dollar. what ya think?

[Mrjaguarpaw1]

That is how shitty GM survived

[123nypd]

That greedy son of a bitch!

[prophetnite]

@acanawuppazz The employees pensions and benifits are insured by the government. Granted we dont have tax dollars, if we didnt bail them out the gov would have paid even MORE because the gov insured the benefits of all the employees. Taxes would have been 10 times higher.

[chicagoelectricbicyc]

Rick Wagoner is prime example of corporate greed and ignorance. Think of all the lives of the gm workers he wrecked with his poor decisions.

oh but hes "Harvard Educated"

[chaos42088]

I hope they all go bankrupt. They are responsible for the destruction of the Pacific Electric Rail. They have earned their place in history as destructive corporations. They knew that destroying the rail system would sell more cars so they did it knowing that the American people could never rebuild the system, it would be too expensive. These decisions were made by deceptive and souless men.

[98770]

if they still make the EV 1 by now they could still make big bucks by now however, they didn't. so they focus more on fuel guzzling SUV' s, trucks compare to cars. and they wanted a bailout. I believe the CEO s should go back to basic salary. they have a lot of money. so why do they have to use our taxpayer dollars to fund the big 3 to cover their mistake???!!

GM = guzzling money

[stoneofrefuge]

amen bro. tell it like it is. Let me join you in protesting the bailout.