Quote:
Originally Posted by Snake Doctor
The CEO's really have nothing to do with the loans I don't think.
If congress agrees to give them money, the CEO's will be taking a big pay cut, or hopefully, be replaced.
This whole mess is about the 3 million or so jobs that hang in the balance. The CEO's are a red herring IMO.
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The 3 million job total is just nonsense. It came from a report by a group paid by the auto industry. They overstated the jobs in the auto sector and didn't factor in that many of those jobs would be recovered by the other companies who gain marketshare. CNBC did a nice piece on it that showed how it's basically bullshit.
Nonetheless, it's not our responsibility to save jobs of private companies that were run poorly. There are still good car comapnies out there that employ Americans. They are just not run out of this country.