Congressional Democrats just announced that they want auto-industry leaders to present them with a plan before they proceed with any vote on an auto-industry bailout bill.
Senate Majority Leader Harry Reid:
We all can throw all the barbs we want at the three people who fly down here on their corporate jets. But we're concerned not about them, we're concerned about the hundreds of thousands and millions of people who are involved in the automobile industry who want these jobs and who need these jobs, we want them to have the jobs. We want them to work and come up with a proposal that we can get through here by Dec. 8.
Hmmmmm. Can we make it a stipulation of any bailout that the corporate leadership of these firms be summarily fired (sans golden parachutes) and replaced? That would be my first recommendation.
