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« bank of america declared winner in taxpayer TKO, ken lewis still not fired | Main | obama and senate make sweet tender love on a $350 billion blanket »
Friday
Jan162009

GM's bob lutz whines about his bailout while using your credit card

The vice-chairman of GM apparently does not appreciate having to fly commercial.  And it's your fault.  Nor, apparently does he have any sense of how not to sound like a buffoon when he speaks.  Read on to see exactly why he's so upset with you.

 

From NPR:

Lutz has been in the car business for 45 years, so it's a change for him to operate on the federal government's nickel.

"I've never quite been in this situation before of getting a massive pay cut, no bonus, no longer allowed to stay in decent hotels, no corporate airplane. I have to stand in line at the Northwest counter," Lutz says. "I've never quite experienced this before. I'll let you know a year from now what it's like."

And in terms of the decisions that executives make at GM, how are they different? Lutz says they don't know. That's because Washington has not yet appointed a car czar, the government's designee to oversee the loans to GM and Chrysler.

 

Excuse me while I vomit.

 

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Reader Comments (16)

First Bitches!


SPODE

Jan 16, 2009 at 2:02 PM | Unregistered CommenterSPODE

nice work SPODE...glad you found us...

i read your comments everyday at dealbreaker...

be lenient with us for a little while on the site design...

we will have some great stuff here soon so keep coming back...

thanks, dailybail

Jan 16, 2009 at 2:14 PM | Registered CommenterDailyBail

where is the voice of the taxpayer in this mess..?..

before the web, we never had this ability to communicate with each other and our elected officials with such ease...yet the result is a dull apathy coming from millions of keyboards across this country...

we will be doing some things here at DailyBail to give a much stronger voice to this anger...

stick around and see what kind of noise we can make...

details coming soon...

Jan 16, 2009 at 2:53 PM | Registered CommenterDailyBail

You mean, he might have to endure this heinous treatment for a YEAR?!?! How will he ever survive?!?! Sounds like Bob needs to wipe away those tears and take a good look around for his bootstraps.

Jan 16, 2009 at 3:21 PM | Unregistered CommenterLiz

I like the idea DailyBail......Can't wait to see more! Keep it comin'

Jan 16, 2009 at 3:42 PM | Unregistered Commenteroldman

it's a friggin' joke is what it is...one would think these people would have the basic pr skill-set to watch what they say to the media, but apparently not in lutz's case...does he really not realize that he sounds like a dribble spewing moron...

the tide might be starting to turn however...more on this later...

Jan 16, 2009 at 7:28 PM | Registered CommenterDailyBail

Great stuff. Look forward to ideas on changing ideas in DC. I feel like they do not even listen to common man.

Jan 17, 2009 at 3:14 PM | Unregistered CommenterRaterace

More taxpayer money at work:

Bailout Is a Windfall to Bankers, if Not to Borrowers

John C. Hope III, the chairman of Whitney National Bank in New Orleans, stood before a ballroom full of Wall Street analysts and explained how his bank intended to use its $300 million in federal bailout money .

“Make more loans?” Mr. Hope said. “We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.”

Speaking at the FBR Capital Markets conference in New York in December, Walter M. Pressey, president of Boston Private Wealth Management, a healthy bank with a mostly affluent clientele, said there were no immediate plans to do much with the $154 million it received from the Treasury.

“With that capital in hand, not only do we feel comfortable that we can ride out the recession,” he said, “but we also feel that we’ll be in a position to take advantage of opportunities that present themselves once this recession is sorted out.”

http://www.nytimes.com/2009/01/18/business/18bank.html?hp

Jan 18, 2009 at 1:14 AM | Unregistered Commenterart

@ art

nice link...it's pretty disgusting stuff...the entire 3 weeks or so that the first $700 Tarp was being pushed through congress i kept wondering where the incentive or requirement would be for the banks to lend out what we taxpayers gave them in the form of capital injections...it seemed obvious at the time that most of these banks would choose NOT to lend...yet i never heard that question even asked during the various testimonies by bernanke and paulson...

our congress is so clueless on financial issues that it felt submissive towards the fed and treasury and jsut assumed that they(congress) were not being mislead...they took these treasury buffoons at face value and look where it has gotten us...

now these banks are sitting on billions of our money and there seems to be little that can be done...

except make noise...and that's part of why we are here at dailybail...

so we have some big things planned to accomplish just that...

i hope everyone sticks around to see what a few hundred thousand determined individuals can do when they get focused...

better times are ahead...

Jan 18, 2009 at 1:50 AM | Registered CommenterDailyBail

He makes me want to cry along with him. How awful to fly commercial. It is probably as bad as owning a GM car! Thanks for the status quo vehicles, now you get to live the life of someone who can barely afford to buy your crappy product...sob...

Jan 18, 2009 at 10:18 AM | Unregistered Commentersissy

I do have one question for everyone out there. What would happen if all taxpayers reduced their withholdings and then refused to pay the taxes come April next year? If we are tired of them idiots using OUR dollars, don't give it to them! They can't throw all of us in jail!!!! UNITE AMERICANS, RETALIATE AGAINST THE GREED!

Jan 18, 2009 at 1:07 PM | Unregistered CommenterTrust NO One

nice to see the comments start to build...

the anger is palpable as i read thru the comments all over the site...

thanks and make sure to tell people about our site...

keep the comments coming...

Jan 18, 2009 at 3:44 PM | Registered CommenterDailyBail

Bob Lutz can suck my fat cock. Why doesn't that pussy fly one of his own fighters if he doesn't want to fly commercial? Bottom line, that statement of arrogance and hubris says "I'm better than you, and my time is worth more than yours, pathetic mortal".

I had long ago pledged that I would never spend one dime of my own money on a GM product, and it vexes me greatly that my tax dollars are going to support this clown and his ilk.

Jan 19, 2009 at 5:39 AM | Unregistered CommenterMalice

Except for the fact that this guy has probably run his company into the ground, as a general principal, I would rather have him flying a company plane than flying commercial. CEO's, etc., are much more effective in face to face meetings, and the time wasted waiting in line, waiting for luggage, and all that, is really money wasted.

Jan 19, 2009 at 5:40 PM | Unregistered CommenterMriv
hi suckers................so obamas plans(im not using transparent i hate that word)are see thru but we are not suppose to care. its normal for this to happen (A GUY THAT DOESNT PAY TAXES HIRES ILLEGALS,A GUY WHO PARDONS TERRORISTS AND LETS A CRIMINAL GO THAT HASNT BEEN TRIED AND SENTENCED they are more interested in directing the sheep to past actions of the bush administations treatment of TERRORIST who cares about that those guys and the countries that coddles them BOOM(at least they are keeping there heads). ITS THE ECONOMY STUPID ..... im willing to bet all of the pics in the presidents cabinet have ties to fannie mae and freddie mac......i suspect the president does( PAY TO PLAY) all those unknown contributors to his campaign funds and we all know how well obama plays by the rules unless it serves him better not to. They call it changing w/the circumstances.how convienent to have all these guys in the same room and controlling every thing.......and covering each others asses, with all that money, our doe. (hurry run,run oh no its not a cliff.....we didnt know they all knew and of course so did the slobbering media onbody wants to be called the r word)let the wolves guard the sheep. people keep on electing these crooks you know guys like barne franks(,hes not the only one) the most brilliant economist. i mean im surprised that the president hasnt appointed him (#2) treasurer maybe if timmy doesnt make it HES THE ONLY ONE WHO CAN DO THE JOB.........IF HES ALL THEY HAVE WE DESERVE ALL THE CRAP WE ARE GOING TO GET. im not the most politically savvy but this is my view an im stickin to it.....
Jan 26, 2009 at 12:03 AM | Unregistered Commenterdpharmer
I am applying for the car czar job so that I can squash Lutz and the rest of GM's management's collective nuts!
Jan 26, 2009 at 7:07 PM | Unregistered CommenterEasy E

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