Welchade 0
Jack Welch quoted in Bloomberg on the Chrysler thingee:
(He goes on to complain about Federal deficits. Funny. Don’t recall–maybe it’s just my faulty memory–his complaining about Federal deficits to fight made-up wars and build concentration camps.)
Not that I like the Chrysler thingee much myself, but I am damned glad I’m not the one to have to figure out what to do about Detroit’s dinosaur carcasses.
Anyhoo, in Welch’s world, the prospect of being out of work and out of money and having to live on the streets is unimaginable.
So why should he care about the workers, who spent years building the cars that management wanted them to build, only to face destitution through the incompetence of management?
Having to downgrade from a Rolls to a Bentley is a far more frightening thing.
In his world.
Put the hedge fundies first. After all, they have country club fees to pay.
