Senator Durbin Rips Big Three Automakers

Sen. Dick Durbin is ripping into auto industry leaders, calling them out of touch with ordinary people. But he indicated there's still a chance for the industry to get a $25 billion bailout.

Durbin told a news conference on Friday that automaker CEOs didn't help themselves this week when they visited Washington, seeking the money.

He said some questions about their lifestyles and how much money they make shows how different corporate officials are from families are losing their savings and workers losing their jobs.

But he suggested that a bailout might still be possible if the industry shows Congress how it might help to dig the automakers out from under their financial woes.

Comments

[Mildmannered]

Before any $ goes to GM, I want current managers, officers and directors to resign. Otherwise, we are just pis sing our money down a rat hole.

[solarwindmilly]

We need to get on about the business of becoming energy independent and using alternative sources of fuel. The high cost of gas this past year seriously damaged our economy and society. While we are doing the happy dance around the lower prices at the pumps OPEC is planning further production cuts to drive prices back up. We have the knowledge, we have the technology, what America lacks is a plan. Jeff Wilson has a new book out that is beyond awesome. The Manhattan Project of 2009 Energy Independence NOW. He walks you through every aspect of oil, what it is used for besides gas, our depletion of it. The worlds increased need ie 3rd world countries becoming more modernized and consuming more. He explains EVERY alternative energy source and what role they can play to replace oil. His research is backed up with hard data and even includes a time frame and proposed legislative agendas to wean America off oil. Think how far a few billion would go toward setting up infrastructures to implement alternative energy!

[Mildmannered]

what alternative energy sources does he favor, solarwindmilly?

[changeishere08]

WHere is the video link? Well I agree with Sen. Durbin. I'm against yet another bailout. The execs were unwilling to cut their own expenses. Very telling of their priorities.