Congress your approval rating is horrible, I wonder why? You can’t do anything right, year after year your still re-elected.
Why hasn’t this zero interest bridge loan been given to the automakers yet?
Because Brad Sherman and other congressmen have decided to grandstand. That’s why.
Brad Sherman, where the hell were you when AIG, Citigroup, Fannie Mae and Freddie Mac had their hands out? You want to grandstand and make a name for yourself by asking these CEO’s if they’re willing to sell their jets? You ask the “Big Three” CEO’s to take pay cuts and not accept bonuses?
Robert Nardelli, CEO of Chrysler has been working for $1 a year since 2007 with no bonuses or stock options. They have all sold their jets since them because of absurd public criticism.
The entire committee is asking some great questions, questions they didn’t ask the financial companies. The banks had NO, NONE, ZERO, NADA, ZILCH, information about how much money would be needed. Paulson and Bernake were stumped. Here you have companies with a plan laid out before you asking for 33 Billion instead of $700,000,000,000.00 and your grilling them.
Dennis Kucinich made great points before the bailout was passed.
You gave them the money, our money with great risk. AIG has since come back for more, spending money frivolously. AIG needs 152 Billion itself to keep going. These three companies combined are asking for close to 20% of that.
Three companies which directly or indirectly employ millions of Americans.
You gave Wall Street $700 Billion dollars because Henry Paulson told you to. None of you have any idea how much money was needed, or how this would fix anything. You all speculated, even the experts weren’t sure.
Wall Street lost TRILLIONS OF DOLLARS doing nothing!
When other countries go through a credit crisis our government has told them to raise interest rates, stop spending and let failing companies fail.
When we’re going through a credit crisis we lower interest rates, spend unprecedented amounts, and prop up failing banks. This led to the problem spreading to other countries.
I have a few words of advice for you Washington.
Don’t let the financial companies spend a dollar more. Make sure there is proper oversight of the money before you even give anyone another penny.
And give Detroit the loan. America needs it right now. You morons have screwed up enough. Somewhere Adam Smith is turning in his grave……