Thursday, November 20, 2008

Quote of the Week

New York Congressman Gary Ackerman said this to the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee this week:

"There is a delicious irony in seeing private luxury jets flying into Washington, DC; and people coming off of them with tin cups in their hand saying that they're going to be trimming down and streamlining their businesses. It's almost like seeing a guy show up at the soup kitchen in high hat and tuxedo.

Couldn't you all have downgraded to first class or jet-pooled or something to get here? It would have at least sent a message that you do get it."


  1. The jackasses in Detroit just don't get it. I just saw a Ford F-150 truck commercial where they bragged that they increased the engine size on the 09 version. It'll be interesting to see what happens when they return to Washington in December with their new plan.

  2. I heard this morning that part of the Auto Plan brought to the table may be a pay cut for executives. Anyone want to make a bet?