Romney tells Detroit execs to ditch their planes
By Wally EdgeIn his op-ed in the New York Times today, former Gov. Mitt Romney (R) tells executives at the struggling automakers to "Get rid of the planes, the executive dining rooms — all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat."
Sounds like he's on the same page with U.S. Rep. Brad Sherman of California who earlier today asked the CEOs from the Big Three testifying at a House committee hearing to "raise their hand if they flew here commercial." When none did, he continued: "Let the record show, no hands went up. Second, I'm going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up."
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Good call by Romney & Sherman
Whatever their respective political leanings, both men were right to pin the Big 3 execs on their excesses, not because it's bad to own or use a private jet, but because when you come groveling to borrow tax payers' money, hoping to avoid bankruptcy and o escape accountability, there should be some signs of humility and shame, even if it's just an outward expression. Gosh, didn't these yahoos learn from the AIG mistakes? This type of behavior is what is tanking the market because no one actually believes a bailout is going to fix anything.
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