Tuesday, December 2, 2008

Government bailout hypocrisy

Is it just me, or is there a lot of hypocrisy concerning this bailout thing? The folks in Washington want the automakers to come to them with business plans in hand that says how they plan to use the money that they want from the government. Yet, the banking industry is getting their money without having to do anything, other than ask for the money. Henry Paulson cannot seem to hand out enough money right now.

Isn't it funny how the automobile CEOs are being excoriated for flying to DC on the company jets, spending so much company money (it is not from the taxes that we pay). Yet these same congressional leaders look the other way when the banking guys are doing the same thing and using the bailout money for bonuses and trips.

I saw a representative from California grilling the CEOs of the auto companies about using their corporate jets to fly to DC and acting as if he was horrified. In my humble opinion, these CEOs should have come back at him and ask him why he flies home every weekend at taxpayer expense (and then flying back to Washington at the beginning of the week), all the way across the country, increasing his carbon footprint.

There is so much hypocrisy in this, it is ludicrous. Yet, no one in the media seems to notice.

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