Wednesday, February 25, 2009

How the big three auto maker CEOs should have responded to the questions about their private jets. [Link]

1 comment:

Anonymous said...

No one seems to want to factor in the number of jobs related to construction, maintenance and upkeep of a corporate jet. Cut back on demands, and hey, presto! Thousands more jobless middle class citizens. Same with private yachts. Sure, it's cushy for some rich dude to own one. But what of all the guys it takes to build one, to run the shipyards and marinas where they dock, to clean, provision, detail, repair and maintain them? They're nine-to-fivers who'll be out of a job when the uber-rich start tightening their belts. Because the rich are gonna conserve their wealth any way they see fit. And why shouldn't they? They earned the money. Or inherited it. But it's still rightfully theirs. The cost of a corporate jet is pocket change in the larger scheme of things.

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