Boy, these guys don't make it easy to feel the slightest sympathy for the plight of US automakers. The lineup of CEOs at the Congressional hearings yesterday reminded me of tobacco execs not so long ago denying cigarettes cause cancer. Rick Waggoner had the chutzpah to say their problems are rooted in the credit crisis. A little contrition for bad product and management might have gone some way toward greasing the money chute. Now they've got Republicans craving bankruptcy to kill off the unions, and progressives willing to let it happen to bitch-slap the high flying execs. Not a pretty picture.
At the very least, any bailout ought be tied to retooling for plug-in cars. Plug In America has a simple way to let your Congressional representatives know you want to see "No Bailout Without Strings." Click here to send a letter to your representatives.