Congress vs. The Automakers
By Thomas Krehbiel
· Krehbiel Commentary · Monday, Dec 8, 2008, 5:23 PM · 112 words · ![]()
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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