Friday, November 21, 2008
From the "I told him we already got one" file:
Congress Demands Business Plan by Dec. 2 or No Dough
Yesterday there was an early story that described a bipartisan compromise on the Detroit 3 bailout. Later in the afternoon, Nancy Pelosi gave a press conference and said that, based upon the poor showing by the CEOs in the week's hearing, Congress would not supply the funds. She gave the automakers until December 2 to come up with a detailed plan to demonstrate viability post-funding. If the plans are sufficient, Congress will come back in session December 8 to vote on the plan.
Not to be deterred, GM CEO, Rick Wagoner, stated that GM already has a plan. Yeah, okay, we believe it.
Wait, I have exclusive information about the GM plan. GM wanted a slick plan that could be ready in a short period of time. They hired students from Staten Island Technical High School to prepare the plan. I don't have access to the plan, but here's an embedded video of one of their previous projects.
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