Jon Stewart lobbies for Detroit
Daily Show’s host Jon Stewart gives Detroit his support and lobbies for the bailout of its automakers in front of a live studio audience.Excerpt:“Now that’s the things about cars,” Stewart said after admitting
that his first vehicle was an AMC Gremlin, “even the crappy ones are
useful.“But you won’t bail out the people who make cars,” he
told Congress. “You’ll only bail out the people who make car loans. Not
even car loans. The people you bailed out made derivative paper
transfers speculating on the future value of enormous groupings of said
loans to China. “Fine. Detroit’s business model is bad. We know
they lose $2,000 for every car they sell. Wall St. lost $7 trillion
without selling anything. At least when Detroit loses money, we get
cars. So give them the money!”Not sure if the cheers were for
Detroit or for Stewart, but after a week that has seen Detroit
thoroughly pummeled in Washington, the noise was good to hear.Read the entire article here.
Daily Show’s host Jon Stewart gives Detroit his support and lobbies for
the bailout of its automakers in front of a live studio audience.
Excerpt:
“Now that’s the things about cars,” Stewart said after admitting
that his first vehicle was an AMC Gremlin, “even the crappy ones are
useful.
“But you won’t bail out the people who make cars,” he
told Congress. “You’ll only bail out the people who make car loans. Not
even car loans. The people you bailed out made derivative paper
transfers speculating on the future value of enormous groupings of said
loans to China.
“Fine. Detroit’s business model is bad. We know
they lose $2,000 for every car they sell. Wall St. lost $7 trillion
without selling anything. At least when Detroit loses money, we get
cars. So give them the money!”
Not sure if the cheers were for
Detroit or for Stewart, but after a week that has seen Detroit
thoroughly pummeled in Washington, the noise was good to hear.
Read the entire article here.
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