Open Thread: Big Three Testify In Congress

[media id=6892] [Video: Protesters interrupt Sen. Jon Tester, D-Mont.] The representatives of the Big Three came back to Congress with tin cups in h

[Video: Protesters interrupt Sen. Jon Tester, D-Mont.]

The representatives of the Big Three came back to Congress with tin cups in hand today, and you can watch them on most of the news channels today.

Humbled U.S. automakers pleaded with Congress Thursday for an expanded $34 billion rescue package, but heard fresh skepticism in a bumpy encore appearance.

“We made mistakes, which we’re learning from,” General Motors chief executive Rick Wagoner told the Senate Banking Committee.

Ford CEO Alan Mulally also acknowledged big mistakes, saying his company’s mantra once was “You build it, they will come.”

As Chuck Schumer observed, the problem is that they seem to want their bailout without setting the conditions first. Ain't gonna fly that way, fellas.

About David Neiwert

Comments

We welcome relevant, respectful comments. Please refer to our Terms of Service for information on our posting policy.