Wednesday, November 19, 2008

Auto Maker Heads Haven't Given up Private Jets

There are some basic things that you need to forgo when you're begging for money.
Swamp: Rep. Brad Sherman, a California Democrat on the House Financial Services Committee asked at today's hearing on a potential bailout for the struggling U.S. auto industry asked the Big Three's chief executive officers which of them had flown by private jet into Washington for the hearing. All three raised their hands.

Then he asked which would be heading home commercially. None of the three raised his hand.

It definitely didn't match the image of cash-strapped companies in desperate need of a taxpayer-financed bailout that the auto industry officials were trying to get across.