Quote :

"I think a $6000 jet reservation could be warranted."

Try $20k bucko. Each way.

11/23/2008 2:49:08 AM

up 30%+ today to ~4.65

11/26/2008 12:17:14 PM

Quote :

"I'm no fan of American automakers, but people are getting way too hung up on this private jet stuff, saying they should've used commercial airlines."

The point is that someone has to sacrifice something, besides the American tax payer. Either they are fatcats who get chauffeured around in private jets, or they are failures who need help. Can't have it both ways.

11/26/2008 11:57:02 PM

if they get bailed out they are prolly gonna be in the same position later...lets let them fail now and get them over with

11/27/2008 12:04:47 AM

gm returned a few of the jets they were leasing.. it at least *sounds* like they're trying to make an effort to slim down.

i'm guessing they'll kill off all the brands except caddy, chevy, and gmc

[Edited on November 27, 2008 at 1:27 AM. Reason : ...looks like they will most likely get the bailout.]

11/27/2008 1:26:31 AM

the execs flying around in jets didnt kill the company.

the lack of fuel efficient vehicles, the lack of quality in the early 90's ruining their reliability image, the outrageous unions they are forced to deal with, and the obvious economy bust killed the company. The airfare thing is just so the gov can pretend to not be push overs and CNN can get more americans riled up over nothing.

11/27/2008 12:35:27 PM

on tv earlier today they said the healthcare provided to the employees and the pensions are what killed it....i guess that falls under the union category?

11/27/2008 2:06:55 PM

Quote :

"http://www.detnews.com/2005/autosinsider/0503/24/A01-127736.htm"

dated 2005 that goes over the difference between UAW and salaried employees.

11/27/2008 3:15:37 PM

taxpayers made money last time we bailed out a big three, but that was paired with a plan for how they were going to fix things and a list of concessions. the money was paid back early and the government made money. i think with proper concessions and a good plan a bailout is a good idea, but the problem was that there was no confidence that there was any plan.

11/28/2008 9:42:28 PM

$5.24 today

wish i had money...

11/29/2008 1:10:04 AM

http://www.cnn.com/2008/POLITICS/12/02/nerad.auto/index.html

spectacular article, Goes into how the government screws things up when they rescue the auto industry. It refers back to all the measures put in place after the 70's oil embargo.

12/3/2008 4:36:40 PM