Michael Moore on Larry King - Automakers

It seems Michael Moore's 20 year old movie "Roger and Me" may have been prophetic...

Appearing on Larry King he has a mixed mind on the bailout of GM, Ford and Chrysler.

Expert:
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King: And the same is true of Ford and Chrysler?

Moore: Absolutely. I'll tell you, it was hilarious just watching these CEOs there (Tuesday) and (Wednesday) testifying in Congress, saying that, you know, that the problem wasn't theirs, you know, the cars they were building. It was the financial situation that we're in now. Watch automakers get grilled on Capitol Hill »

The problem is the cars they've been building. They've never listened to the consumers. They've just gone about it their own wrong way. I'll tell you, you know, I'm of mixed mind about this bailout, Larry, because I don't think these companies, with these management people, should be given a dime, because that's just going to be money going up in smoke or off to other countries.

GM is currently building a $300 million factory in Russia right now to build SUVs, right outside of St. Petersburg. That's where your money's going to go, no matter what they say.

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Big stings must be attached otherwise the poor management teams will just use the monies for the wrong things. Their track record speaks for itself...

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