What Big Three's Plea to Congress Probably Sounded Like

[FlyingTiger]

This is hysterical.

As I noted previously, Alan Mullaly, CEO of Ford, took time out of his busy schedule of drinking champagne from diamond-encrusted flutes and relaxing on his luxurious couch made of former Dallas Cowboys cheerleaders to hop in his private jet to fly to Washington to beg for money. 'Cause, y'know... he really needs it. For, uh - the company's sake. Yeah, that's the ticket!

Anyway, he shows up, hat in hand, asking for a bailout, then gets on his gold-laced platinum personal jetpack to head back to his mansion to catch the latest Gossip Girl episode, which is performed live in his living room.

And whaddya know, Democratic lawmakers weren't impressed.

"The key is accountability and viability," Reid said. "We want them to get their act together."

"Until they show us the plan, we cannot show them the money," added Democratic Speaker Nancy Pelosi at a news conference in the Capitol."

I say, good for Reid and Pelosi. It's about goddam time people started talking sense about this whole "let's throw money at our problems" thing.

Now, I'm not an economist or a financial expert by any stretch of the imagination, but considering Reid's and Pelosi's language, it sounds like the CEO's of the Big Three just showed up and tried to pass a hat around. Let's take an imaginary fly-on-the-wall trip to see what probably transpired:

Link to rest

[Eric J in MN]

1. Where was the demand for Wall Street firm to show their business plans...

...before getting $700 billion?

I don't get why Wall Street CEOs didn't have to testify at all before the $700 billion bailout was passed, but the testimony of the automobile CEOs is considered insufficient because they didn't prove they have a new business plan.

The idea of lending the automobile companies money is to help the automobile companies get through the recession, or at least get through the next few months.