A Counting School - Hardcore Chartered Accountancy

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American Automakers: what are you on?
Flying to Washington on three private jets to ask for billions of dollars ? Clever. I feel bad for the workers in the auto industry, but if I was working in that field, I would be planning an exit strategy around now, unless I was in a position to improve things. Especially because the heads of the companies aren't exactly inspiring confidence right now. From the Dana Milbank article: But the executives were not helping their own case. When Rep. Paul Kanjorski (D-Pa.) tried to find out when GM would run out of cash, Wagoner hemmed and hawed until the lawmaker protested that "I don't quite understand what the hell you just told me." When Rep. Ed Perlmutter (D-Colo.) asked about GM's outlook for the quarter, Wagoner informed him that "we don't provide financial guidance in earnings." So it was hard to feel sorry for the executives when Rep. Peter Roskam (R-Ill.), late in the hearing, reminded them again that "the symbolism of the private jet is difficult...