Do the executives of the Big Three automobile manufacturers think we're stupid?
"The societal costs [of the loss of General Motors, Ford or Chrysler] would be catastrophic -- three million jobs lost within the first year," said GM chief Rick Wagoner during last week's congressional hearing.
Fortunately, Congress didn't fall for it -- yet. But next month or next year is another story. President-elect Obama is sympathetic to a bailout.
The auto heads tried to pin their problems on the...Full Story