Posted by
Tom Cholly on Friday, December 05, 2008 12:01:44 PM
Embarrassing ourselves on National T.V.. The automakers are being dragged over the coals for what ? The Big three have never had the protective trade blanket that their foreign competitiors have always enjoyed. They don't enjoy the health and welfare benefits of their foreign counterparts. Let alone, to their credit they pay the highest wages for unskilled workers anywhere in the world. And still they have been profitable for years.
The legislators that repealed the protections of the GLASS-STEAGALL Act, are the real culprits for which our economy's problems have originated. I knew back in 1999, when Congress allowed investment banks to merge with commercial banks the problems we feared in the Depression, would raise their ugly head again..
Watching these Senators pound on the 3 CEOS and worse, watching them take it is unAmercan. If these men had any brains, they would turn this story around, tell these elected officials to look in the mirror and end this messy interrogation.
What they should do is standup, and say, " we have played by your unfair rules for years, supported the American working family the best we could, and you have the audassity to ridicule us. Give us the "LOAN" or we shut down the plants, laying off hundreds of thousands of workers, and guaranteeing a severe Depression. Not to mention, public out cry and some new faces come Election Time.