Congress vs. The Automakers

Tom 108 words

I have to confess that I don’t understand why Congress has been grilling the auto industry over the measly $35 billion they’re asking for, when they previously felt absolutely no restraint or shame over giving away trillions to the banking industry.  I guess nobody in Congress owns auto stock…

Anyway, I was happy to see that Sen. Chris Dodd picked up on an idea that I first heard from Mrs. Krehbiel.  Give them the money… if the CEOs resign.  Chris Dodd only wants GM CEO Richard Wagoner to resign, but I would prefer it if every single member of the Big Three management structure be forced to resign.

Originally posted on my personal blog which was active from 2003 to 2020. You may have arrived here by redirection from the original permalink.

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