Big 3 CEOs take $20,000 ride to Washington in corporate jets to beg for handout for failing automakers

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By Joe S.



Say NO to Big 3 Bailout

 Make no mistake.  As you can read in the ABC story "Big Three Flew In Private Jets To Plea for Public Funds" these Big 3 executives are truly evil people, undeserving of a handout let alone a bailout. 

When is it ever the time to flaunt excess in the face of poverty.  There are too many people hurting right now and for these lowlifes to try to somehow qualify their luxury air transport as required corporate policy or necessary security for their precious selves is a slap in the face and an embarrassment to us all.  Haven’t we already learned from the AIG fiasco? 

Don’t give these failed CEOs a cent of our money.  No good will come of it.  They haven’t got it right to this day.  Who’s to think they will somehow realize some magical plan to revive their dying corporations once we hand over money that we can ill afford to dole out in the first place.  Let the markets handle it and allow these once mighty auto titans to fall, if that’s what will be.  Then we can allow the grassroots of innovation to blossom, and those who are creative, strong, determined and resourceful will come to the top and lead us to better days.  Who knows, maybe a fallen GM will rise from the embers, emeging with new ideas, a new approach and new outlook.  Sometimes it takes great trauma in life before someone realizes what is truly important.  Shouldn't the same hold true for a business?

Just like you wouldn’t coddle a child and expect them to grow up to be a productive member of society we can’t coddle these failing businesses and expect them to be productive members of our business community.  If GM, Chrysler and Ford are ready and willing to move ahead they will, but just like any other business in this country they need to do it under their own power.

Will people lose jobs if they fall?  Sure, many already have.  But that's part of the life cycle of any business.  Adapt or die.  Our world is changing at a rapid pace and businesses large and small are scrambling to adapt.  The thought of GM being no more is a scary thought, especially for workers in Michigan.  I know because that's where I grew up.  That's where my family and friends live.  Many of whom work in the shops. 

It's not going to be easy but as many of us have learned in life that going backwards is rarely if ever an option.  We need to move ahead in our business plans through better and more innonative ideas that will work in our changing social and ecological environments.  A big part of that change means retraining people who may have been doing the same job for 20-plus years and are scared what change will bring.  We need to introduce education initiatives that will train them for the jobs to come and give them a chance to move forward and support their families and continue being contributors to our great society. 

Giving the Big 3 a handout now or in the future is sending the wrong message.  It's telling everyone to take all the chances you want and that excess is the rule.  It's saying to push your business to the limit and take every chance possible becasue if you f--- up the government will be there to catch you and give you a second, third and forth chance.  Who wins in that situation? I would say no one.

Please contact your U.S. Senators and Congressmen and Congresswomen and let them know you want them to say no to a Big 3 bailout.  Time is of the essence so go right away to the links above.

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anonymous  says:
13 months ago

The private jets are a symbolic issue, not a practical one. When you are paying somebody hundreds of dollars an hour or even more, you want to use their time efficiently. Putting five or six people on a chartered private jet is probably no more costly than having them fly business class, and it saves time - perhaps two hours on any flight compared to dealing with security and luggage retrieval, before factoring in the cost and inconvenience of adjusting to an airline schedule.

Private jets free these companies from worrying about airline schedules, and get their people back home the same night (and back into the office first thing the next morning) without paying for extra meals and hotel rooms. They can also allow travellers to land at smaller airports closer to their meeting locations, saving driving time, etc.

Private jets contribute to financial efficiency if they are used properly, i.e. the seats are actually filled with people who really need to be at the meeting. The real issue is dealing with the perceptions of wealth and excess that they create.

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