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Hall of Shame Nominee #1:
Car Clowns
The Big 3 go to Washington and ask for $35 billion in aid to help them stay afloat (Congress is poised to give them $14 billion). What a joke.
A bailout will only temporarily delay the inevitable for General Motors, Ford and Chrysler. Within a year, the Three Stooges (Robert Nardelli of Chrysler, Alan Mulally of Ford and Rick Wagoner of GM) will be back in front of Congress, rattling their same tin cups asking for more of YOUR money to bail them out once again.
Here are some tips for you guys....You don't go to Congress begging for money for your car companies by flying in on your private jet at a cost of about $20,000 each for the trip from Detroit to D.C.! And, for heaven's sake, when you ask Congress to bail out your company with a big loan, have a number ready for how much you’ll need!
Oh, and did I mention that it might also be helpful to your cause to have a business plan to pass out, explaining how you'll pay OUR money back to U.S.?! For crying out loud, even a fledgling entrepreneur knows enough to have a strong business plan at the ready to show a prospective lender.
What am I missing here??
To read more about the auto bailout, click here.
Next: Corrupt Politicians
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