Mike In Syracuse

The Return of the $70 per Hour Meme

I agree with Phillipp10, who seems to be the victim of some kind of automated post-spammer that left 9 bogus comments on his post.

Anyway, Phillip is right: you HAVE to count the costs to GM of its retiree commitments. GM will no doubt be supplying the cash for that "UAW-run trust" so we'll have to read the associated 10-Ks to know what the final cost of all this will be, but I think you have it backwards: you are trying to be deceptive if you want to ignore the present-day costs of GM's retirement programs.