Congress vs. The Automakers

By Thomas Krehbiel

I have to confess that I don't understand why Congress has been grilling the auto industry over the measly $35 billion they're asking for, when they previously felt absolutely no restraint or shame over giving away trillions to the banking industry.  I guess nobody in Congress owns auto stock...

Anyway, I was happy to see that Sen. Chris Dodd picked up on an idea that I first heard from Mrs. Krehbiel.  Give them the money... if the CEOs resign.  Chris Dodd only wants GM CEO Richard Wagoner to resign, but I would prefer it if every single member of the Big Three management structure be forced to resign.

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