Thursday, November 20, 2008

When you're looking for a handout

You should probably not step out of a private jet first:
Dana Milbank of the Washington Post twists the knife into the carmaker CEOs, who were busted in Congress yesterday for flying their corporate jets to Washington to ask for a government handout. They couldn’t even “jet-pool” as one congressman mockingly suggested.
It must be hard to be shameless when there's so much to be ashamed of.

While I honestly have no idea if the economy will get worse or better if the Big Three get $25 billion dollars - it is damn near impossible to tell the difference between the undereachieving, undeserving suits that cratered the auto industry - and those who cratered the financial sector.

Wall Street banks got their handout and now we will be treated to an endless parade of corporations whose balance sheets could use a cash infusion.

The corporate titans are long overdue for their share of the suffering - and even if all they have to do is sell their collectible car museum so they can keep the private island, I think I'm not alone in thinking that their employers could find better things to do with the millions they pay these schmucks.

(H/t to TPM and CJR)

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