The Mudcat Café TM
Thread #116356   Message #2498449
Posted By: Jayto
20-Nov-08 - 10:23 AM
Thread Name: BS: 'Big 3' CEO's - Private Jets
Subject: RE: BS: 'Big 3' CEO's - Private Jets
I worked in the US automotive industry for 6 years. That was before GM demanded lower prices (irrationally low prices) that led to our plant shutting down and moving to Mexico. Over 500 of us were laid off and our jobs outsourced. This is just another show of arrogance in the same vein as the AIG getaways. I heard an estimation that gas alone would cost $20,000 round trip from Detroit to Washington. I wish I was that broke. The CEOs keep saying how bad things will get if they do not recieve the bailout but they can't say how good it will get if they do recieve it. Are they going to do anything different? I think not. They didn't before when the Government helped them I really don't expect them to now. They sliced benefits and closed factories (US factories). They also crucified thier suppliers to the point many shut down. I do not feel sorry for them because it is thier own arrogance and stubborness that have created the mess they are in right now. I know of at least 3 suppliers in my area that are on the verge of shutting down right now. They have been for about 4 years and I am shocked they still have the doors open. They have been raped and pillaged by the big 3 now it is the big 3 that are crying to the government after ramsacking all the smaller suppliers almost to the point of exstinction. This is the same sense of entitlement and arrogance that is embedded in the minds of CEOs across the US today. It is poisonous as we are all seeing. Let them crash I say something new and improved will arise from the ashes.