It sounds like Congress had a great deal of fun hectoring the heads of the automakers and the union. One thing that bothers me though. If the principle holds that people who fail deserve a pay cut then it seems, given the failures in regulation and oversight at the root of this financial disaster, to be pertinent to ask "Where is Congress' pay cut?"
Make no mistake the vast sums of borrowed money from Uncle Sam Hu being stuffed into the carcasses of the banks this Thanksgiving are intended to save, not the assets of the imprudent Bankers, but the asses of the Congressmen whose sins of omission and commission were the prerequisites to this slow motion disaster.
[Update: Mitch Albom lays down a delightful rebuke of Congress.