Fine Line Between Chutzpah and Stupidity
Executives for the three automakers (Ford, GM and Chrysler) went to Washington with hat in one hand and cup held out in the other looking for a Wall Street-style bailout. Unfortunately, the PR-challenged executives from the cash-strapped automakers all flew into Washington (hat tip Talking Points Memo) on separate corporate jets. It was a case of poor little rich boys and poor judgement.
In another example of of the denseness of the auto executives, any deal with Washington is going to require the replacement of all the executives that paraded in front of congress today. Unfortunately, I don't think these numb-nuts see this irony.