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Quick Commentary
As many of you know, the Automobile Industry CEO’s showed up to Washington to ask for a bailout? What is a bailout exactly? Basically, the public has to give money to these rich guys because they were too stupid to do their job correctly. For years we’ve known that Detroit was in trouble, yet nothing was done. Obviously there was a problem. Just like the Real Estate Industry. People act surprised when the garbage man that was given a 110% loan, no questions asked, defaulted. Whatever.

What made this bailout request even more newsworthy, was that the CEO’s showed up in private jets. Geniuses. Let’s show up to ask for public money in private Jets that cost about $200k per trip to run. They were scolded by Congress because of this, not to mention the fact that they had no specific dollar figure that would help save the industry. They were told to come back later with a plan.

Now, fast forward to yesterday/today. The CEO’s showed up to the meetings not in private jets, but in hybrid cars. How stupid do they think we are? Oh look, they’re riding in environmentally safe cars. They learned their lesson. Give them some money. Fantastic. I’m moving to Canada to hang out with BP’s family.

Jandro, 12.5.08