Thursday, November 27, 2008

What should the Big Three do for their "loans"?

First of all, Happy Thanksgiving to y'all! Hope you enjoy the day and enjoy the family, friends and food.

Have you thought about what the Big Three Automakers should agree to as they pitch their proposals to Congress next week? What are they going to propose as their solutions for the current crisis? It has already been leaked that GM is considering getting rid of some of their brands, like Saab, Saturn and Pontiac and Robert Nardelli of Chrysler has agreed to a salary of one dollar per annum. So what else should they agree to? Let's list some suggestions:

- CEO salary of $1.00.
- Trim or eliminate unprofitable brands.
- Commit to higher MPG standards.
- Commit to produce EV or PHEV autos, IN SIGNIFICANT NUMBERS.
- Discontinue bonuses or other perks.
- Discontinue the use of company jets.
- Force the UAW to make concessions, like the jobs bank.

These are just a few, I am sure you can think of more.

NOTE / RANT: I would like to point out that our Congress has the unmitigated audacity to harass the CEO's of the Big Three for flying to Washington in their corporate jets when every one of the 535 congressmen all do WORSE. They take bribes, are afforded favors on top of favors, work about 6 months out of the year, get golden pension plans and golden health care. All for LIFE. Please, there has never been a bigger bunch of hypocrits than those who "serve" in Congress. Believe me, I write my congressmen all the time to let then know their sins.

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