Democratic leaders in Congress denied the Jet-Setting Big Three CEO’s saying show us your plan before we show you the money.<\/p>\n
The Big Three are on their own for now.<\/a><\/p>\n
Congressional efforts to rescue Detroit’s auto makers collapsed Thursday, with lawmakers saying the industry lacked credible plans to return to profitability.<\/p>\n
The decision came after two days in which leaders of three of America’s largest corporations pleaded for a taxpayer-financed rescue from lawmakers in front of a national television audience. The spurning of their pleas leaves in question the future of companies that have been synonymous with American industry for decades and together employ 239,000 people in the U.S. (Please see related article on Page B3.)<\/p>\n
Democrats in Congress offered only a glimmer of hope, saying they would reconsider a rescue if General Motors<\/a> Corp., Ford Motor<\/a> Co. and Chrysler LLC submit convincing turnaround plans by Dec. 2.<\/p><\/blockquote>\n
This is a dire, critical juncture for America’s auto makers but you have to admit, Congress asking The Big Three for a business plan laying out their plans for the money if they got it? Requesting accountability? Discerning fiscal efficiency?<\/p>\n
That’s humor.<\/p>\n
…and it would be funny if it wasn’t real.<\/p>\n
Frank, Pelosi and Reid wouldn’t know a business plan if they saw one let alone offering anything in the way of analysis or assessing viability.<\/p>\n
That would be like getting marital advice from Barney Frank. Advice on manners and professional comportment from Al Franken. Executive leadership advice from Barack Obama.<\/p>\n
Good luck Big Three. Just copy some economics paper from your freshman year of college and show it to them. They’ll never know the difference.<\/p>\n","protected":false},"excerpt":{"rendered":"
Democratic leaders in Congress denied the Jet-Setting Big Three CEO’s saying show us your plan before we show you the money. The Big Three are on their own for now. Congressional efforts to rescue Detroit’s auto makers collapsed Thursday, with lawmakers saying the industry lacked credible plans to return to profitability. The decision came after […]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,59,44],"tags":[],"class_list":["post-3680","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-pork-patrol","category-stupid"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3680"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3680\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3680"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}