The Big Three automakers are in trouble. So naturally, they do what all captains of industry and hard-nosed capitalists do when the chips are down.
They fly to Washington in splendor to ask for a hand-out from the taxpayers.ABC News has more
The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even First Class is good enough.
All three CEOs - Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler - exercised their perks Tuesday by flying in corporate jets to DC. Wagoner flew in GM's $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone.
I wonder if the idea of curbing executive bonuses, perks, jets, options and salaries has even been seriously discussed in any of the corporate boardrooms from whence this plan to get taxpayers to pay for their failures came. Here's how I imagine it would go down:
SVP: "Hey guys, I have an idea: How about we curtail our perks, slash our salaries, eliminate our massive bonuses and quit giving the executive team stock options until we get the company back in the black!"
Rest of board: " .... HAHAHAHAAA!!!!"
EVP: "Good one, Chuck!"
SVP: "Thanks. I also know jokes about Mexicans."
All the people who scream about socialism being some intrinsic evil never seem to mind corporate welfare or socialism for the rich. The supposed-capitalists who run the American economy don't blink an eye before bailing out an incompetently-run company for billions of dollars. But if you suggest we spend money on infrastructure, schools or the poor they will scream "SOCIALIST!!!" at the top of their lungs. They're all about privatizing profits and socializing losses, which I think is the calling card of Evil 2.0 -- they get you on both ends, coming and going.
The rich play by their own set of rules and we are merely spectators. We just voted in a new Congress but we sure and hell didn't give them the okay to go around bailing out private enterprise. But in Washington money talks and the populace is told to shut the fuck up and go buy a TV. Nevermind the fact you can't afford it! You've got to do your part, just like all those CEOs who rode on their private jets to complain about how poor they are!
Just play your role, America: that of a lamb being led to the slaughter.
Labels: corporatism, funny, hypocrisy, money, socialism