In response to analysts’ concerns about GM’s dwindling liquidity in light of the latest slide in demand for its most profitable vehicles and the jump in raw material costs, Wagoner responded that “under any scenario we see, we’re good until the end of the year.”

What an incredible country we live in, where such short-sighted business leadership can survive even that long.  Is six months now considered taking the long view?  Do we want give our execs bonuses and other incentives based on that kind of performance?

Wagoner shouts “Save us!”

Unbelievable.  As far as we know nothing illegal has happened to bring the US auto industry to this precipice, but there’s a level of irresponsibility that matches or exceeds what went on at Enron and Worldcom.  These executive criminals deserve far worse than they’re ever going to get.  I think we should at least arrange for them to be pilloried in downtown Detroit.  The kind of violence being perpetrated against the US by its own corporations calls for retribution in kind.  That these men are getting off scott free ($1 a year salary?  This is sacrifice?) and being allowed to helm our largest corporations onto the rocks defies logic.