“There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses,” Rep. Gary Ackerman, a Democrat from New York told the chief executive officers of the “Big 3″ at a hearing of the House Financial Services Committee. “It’s almost like seeing a guy show up at the soup kitchen in high hat and tuxedo. It kind of makes you a little bit suspicious.”
I take my high hat off to Rep. Ackerman for his public chastisement of the auto execs. While the auto companies claim to be streamlining operations, they wouldn’t dare think to fly coach like common folks do. Rep. Ackerman did the right thing in shining a light on these stooges for wasting money riding a private jet while they’re on the verge of bankruptcy. Ironically, these executives would make great legislators. They seem to have mastered the art of pissing away money they don’t have.
Flying in private jets to ask the American people for bailout money is nothing more than an example of the systemic problem the automakers are dealing with. These companies need to go bankrupt. And then the stockholders need to demand these dimwits get tossed out of their private jets – without golden parachutes. It’s time to bring in some new executives, with a little basic knowledge of economics, and get these ailing companies back on track.
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