Wednesday, December 17, 2008

COME FLY WITH ME

On November 19th. the leaders of the US auto industry left Washington without any bail out money for their companies, but traveled in their private jets. Each flight cost about $20 000. As one observer commented, “there is a delicious irony in seeing private luxury jets flying into Washington with tin cups in their hands saying they are going to be trimming down and streamlining their business.” Kinda like seeing someone show up at a soup kitchen in a top hat and tux. With GM and Chrysler close to collapse, some 2 to 3 million workers will become unemployed, probably none of whom will pick up their dole money (if they qualify) in a private jet. John Ayers

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