Bail Us Out, My Corporate Jet Needs Gas

What would you do if your neighbor came rolling up to your house, driving a brand new Ferrari, and asked to borrower 100 bucks because he is broke.  I’m willing to bet you’d tell him to go fly a kite.  The analogy could be drawn to the big 3 auto manufacturers that were pleading their case for a bailout in congress this past week.

Today officials out in Washington D.C. decided to send the the CEO’s of Ford, GM, and Chrysler back to Detroit empty handed.  For good reason many members of congress were a little upset with the presentation that was delivered in proposing a massive auto industry bailout.  Leaders of the Big 3 insisted that each of their companies are in desperate need of taxpayer money to keep the daily operations running and prevent a complete failure or even bankruptcy.  The plea for this bailout came at the hands of executives that had no concrete plan of repaying the money or viable proposals to restructure their organizations.  One would believe they would’ve had plenty of time to draft something up while flying to Washington on Corporate Jets!  How can a company that is bleeding money right now, justify spending thousands of dollars flying to capital hill; let alone ask for money because they’re broke!  As I wrote previously, is it time to say Goodbye Ford, GM and Chrysler?

Many American taxpayers are struggling just to put food on the table, pay their mortgage, and fill up the gas tank, none of them are getting any kind of bailout.  I’m not completely opposed to helping retool the failing U.S. auto industry, but clearly there needs to be some changes at these organizations, the first of which should be cutting the corporate jet expense and taking coach!

I have to ask the question again, would you generously give anyone money that is claiming to be broke after they just stepped off a private jet?

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