The CEOs of General Motors, Ford and Chrysler flew in separately on their $35 million private jets to beg Congress for a $25 billion bailout. They claim they’re running out of cash.
But some want to run them off the road. Rep. Gary Ackerman castigated them for their profligacy:
Michael Moore, writer, producer and director of “Roger and Me,” skewered the less than dynamic trio on CNN’s "Larry King Live."
They don’t believe in free enterprise or free market. They want socialism for themselves. They want a handout and a net for themselves. To hell with everybody else, but give it to them.
ABC News’ Brian Ross broke the story of the corporate excess. He told King:
This is the way all three of the CEOs live. They talked about sacrifices. They talked about the sacrifice of laying off tens of thousands of their workers. They’re not talking about their own sacrifices…For a company that says it’s running out of cash, it seems incongruous.
It’s indeed incongruous to ask taxpayers, who have to pay for a bottle of water on a cramped commercial plane, to bail out auto execs who are cut from the same fine cloth as AIG executives.
With the cancellation of the Senate vote, the wheels are coming off the Big Three's attempt to gas up at the public pump.