Why is this bailout necessary? Most of the $15 billion will go to exec bonuses and such while they still produce no results. I don't buy cars that break down often. Now it seems I and other taxpayers will be paying for bad cars anyway.
If there's any bailout, it should be to give severance pay to the auto workers. It'll be much cheaper than $15 billion. It seems some of the automaker lobbyists have handed money under the table to the right Congressional people. It is a shame what this world has come to.
And that thing about the CEO taking a $1 annual salary was a joke. Right. We know that CEO's make most of their money from bonuses and stock options. So in the end, he will still make more money than any of the auto workers. Just pure marketing ... trying to sell themselves.
If Congress is going to be giving handouts, I want them to get me a new car and a new house that's paid off. It would lessen my worries with the economic conditions.
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