Throw the Bums Out (of Detroit)

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private_jet.jpg Let’s say you’re three auto industry executives summoned to Washington to explain why you deserve billions of dollars in taxpayer money. You and your cronies have mismanaged your industry for years, but luckily for you and unluckily for the country too many parts of the economy rely on your continued existence. You watched AIG executives get strafed in the media for throwing lavish corporate retreats (with spa trips!) just after taking bailout funds. You know the public is hyper-sensitive to signs of waste, because middle class Americans are struggling to get by and it’s their money you’re seeking.

So what do you do? You take separate private jets from Detroit to Washington. You take three flights at an estimated cost of $20,000 each, despite the fact that coach flights are available for under $300 and first class flights are available for under $1,000.

You spend $60,000 when you could have spent $900. And then you go to Congress with your hand out.

Jesus H. Christ. Bailout funds for the industry should be contingent on new leadership taking over and old leadership being put in stocks.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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