Hell No.
Enough, already.
At first, I thought the bailouts were necessary. But, I really never want to hear the “word of the year” again. Especially not for the auto industry.
I reached my breaking point with The Big Three about two weeks ago, when it was reported that each of the CEO’s made their trip to Washington D.C. via private jet.
“Wagoner’s private jet trip to Washington cost his ailing company an estimated $20,000 roundtrip. In comparison, seats on Northwest Airlines flight 2364 from Detroit to Washington were going online for $288 coach and $837 first class.
After the hearing, Wagoner declined to answer questions about his travel.”
$20,000? Are you kidding me? That could be someone’s salary for an entire year. These men clearly let their companies fall into the position they are currently in . . . and I (or any other tax payer) shouldn’t be footing the bill.
And, I’m not the only one that thinks this way. A new article released today from Forbes show that only 20% of Americans think that it’s very important for President Obama to give loans to the auto industry.
As far as financial companies go–though I think helping them is more necessary than helping the auto industry–I think Citi’s bailout last week should be the final straw.
I am sick of the government bailing out people and companies because their poor choices led to poor results. I agree with the woman who called into CNN, as seen in the clip below: