Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers’ CEOs appear before lawmakers this week to request $25 billion in government loans. Ford CEO Alan Mulally said he’ll work for $1 per year if the company has to take any government loan money.  STOP!  May I see a show of hands of those who believe this BS?

After grilling the CEOs at hearings last month, Congressional leaders demanded plans from the automakers by Tuesday to show that they will survive if they get federal funds. The plan Ford submitted said the company will cancel all management employees’ 2009 bonuses and will not pay any merit increases for its North American salaried employees next year.

Do you really think that a man that makes $20 miilion in bonuses is gonna go quietly into the night?  I have an idea for them–fire ALL management and start over–eliminate the greed—If these guys remain, they will get their blood money somewhere, some how.

All three companies’ chief executives agreed to symbolic steps, including salaries of $1 a year and the elimination of corporate jets to make their case more palatable, and they were traveling to the capital in hybrid vehicles to underscore the point. It’s 520 miles from Detroit to Washington.

These guys are blowing smoke up Congress’ ass.