Wednesday, November 19, 2008

Corporate Jet Crash

ABC's gadfly imp Brian Ross pilloried auto executives for flying to Washington on corporate jets. He tried to question GM's Rick Wagoner as he departed the hearing chamber. GM employs hundreds of thousands in Michigan, Tennessee(Saturn), Kentucky(the Corvette plant), many other US states in fact, and many foreign countries. He could be summoned anywhere on earth at any time and can not be tied to airline schedules. He may use his powers of suasion in person to lobby Angela Merkel and other German leaders as GM, which has sold millions of cars under the Opal label, to extend GM a line of credit (as of now, GM is seeking $1 billion from Germany). A local talk show host joined the bashing bandwagon. This usually reliable conservative does not recognize the mainstream media is on a anti-corporate jihad trying to facilitate Obama's socialism. This is not Steve Gill's first departure from reason. I well remember his defense of Sam Howard who helped bankrupt Tennessee's attempt at universal health care. He knew Howard, a colleague in Republican administrations, was an honorable man despite drawing $50 million while failing to pay providers. I guess it is alright to drain the public trough as long as you are a close personal friend, and it's fine to play the class envy card when it advances your argument. AIG was also criticized by Ross as it has multiple jets still in use but is trying to sell two of them. Part of AIG's business model and a profit center is jet leasing. Just a short-time ago, reporters were doing stories on the good corporate jets have done, transporting needed transplant organs, sick patients, or relatives of injured troops such as a flight of a family to the military burn center in Texas to be with a critically wounded soldier. The free market is our only hope for positive change.

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