Bob’s take on

WOW  —  Talk about exciting TV. For the past 2 days, we saw 3 CEOs from the Big 3 Auto Makers fly into Washington in their private corporate Lear Jets and get grilled on national TV by members of the US Senate and House.

What’s amazing, the auto companies are burning through 5BILLION dollars in cash per month, they all face bankrupcy, there are thousands of cars jamming all the ports of the US with no where to go because of a global slowdown, and we taxpayers need to give them at least 25 BILLION NOW!

We found out during questioning that the Union will not budge on their contracts, the CEOs (who make between 5 and 9 million) refuse to cut THEIR pay, and amazingly, none of the executives came with a PLAN on what they would do with the money!!

Why should they–we just gave banks 700 Billion, and they had no plan!

The US auto companies have been in trouble for at least the last 9 years.  They were saved the last few years when Americans were DRUNK on spending their HOME equity money on new cars, monster trucks, and SUVs. This outrageous spending caused China, India and Russia to flourish, with out of site oil prices.

So Congress told the Big 3 CEOs to come back in a couple weeks with a PLAN !(Congress has to take another vacation because of all the work they did this week)  Senator Levin(Michigan) was very upset and said we were now facing a DEPRESSION because we didn’t give them a blank check today. Thankfully, the taxpayers called enough congressmen to say how disgusted they are!

Can the CEOs come back with a plan—NO.  We have to pay autoworkers, even if the plants are shut down (in the contract). Cars will not be selling in the next few weeks.

But even with no Hope or NO plan  — we will give them Billions of taxpayer money (to save the jobs)  Nevermind that the Big 3 has shut down Detroit area plants and moved them to Mexico and Canada!!!

Where are these bailouts going to quit? Are we moving to Socialism, where companies cannot fail?  At least let us DUMB taxpayers know if you have a PLAN!!  What do you think?