Saturday, November 22, 2008

Michael Moore on Bailout of US Auto Makers

Michael Moore was a recent guest on Larry King talking about the auto bailout. Moore's terrific documentary, "Roger & Me," targeted the auto companies in 1989 while they closed plants and lay off workers. Moore tells Larry King that in the movie when the GM representative said that 30,000 people could be laid off in Flint, he thought it was a joke. Years later, it came true. Moore says he's conflicted, as many of us are, about what to do. He doesn't have any confidence in the leaders of this industry.

Moore doesn't want to see the loss of more jobs in the US auto industry. He also doesn't trust the current management teams that got them into this mess.

CNN Video

Since this interview, the CEOs of the Big Three had a humbling day on Capitol Hill, unable to defend their use of separate corporate jets to bring them to the hearing and more importantly, unable to articulate what they would do with the money they're asking for. They've supposedly gone back to Detroit to work on a proposal and muster the courage to go back to Washington in December.