Quote:
Originally Posted by PsyDoc
My hope is that the Feds are planning on aiding GM, it's in the worst shape, AFTER GM files Chapter 11 and reorganizes. Right now, GM has no "business plan" for what they would do differently in the U.S. if the government came through. I think that, in particular, is why there is little support from the government. If they had shown up with a well-thought out plan, then perhaps the outcome would be a little different.
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The real kick in the ass is when all 3 CEO's arrived in seperate corporate jet's. A Senate member questioned them about this, asked why they didn't jet pool, or perhaps fly first class. The Big 3 are there asking for a financial bail out and show absolutely no regard for the money they are spending and the image they are conveying to the public and Senate. It's no wonder why they may not get the money. Sorry guys, but those 3 yahoo's would have been better off staying home.
How can 3 top executives of the worlds most powerful corporations arrive without a business plan to present. It's quite obvious they thought, " Hell we're GM, Chrysler and Ford and there's no way you can deny us what we want." Yeah, right.