Konsta

Say No to the Auto Industry Beggars

25+14 is not 34, obviously
for GM to file chapter 11, the US government would need to provide Debtor in Possession financing, because GM will not be able to get that from any other source. That seems like a logical was to proceed. Another way is for the government to take on legacy health care costs of the big 3, health care should be free anyway, so this would be a step in the right direction.
The reason the democrats are reluctant on the bankruptsy idea is that don't want to piss off the unions by voiding UAW contracts. I think they should void the contracts, if the government is truly intends to make these companies viable.

Detroit's Big Three and the Democrats' Economic Illiteracy

so tables aren't going to turn

Detroit's Big Three and the Democrats' Economic Illiteracy

you are wrong, because they, like many companies now, probably don't have retirement plans


On Nov 25 08:15 AM lazaris wrote:

> Of course GM has a lot more retirees than those working you moron!
>
> They have been building vehicles in this country for over 100 years.
> Toyota and Honda don't have many retirees because they haven't been
> building vehicles here long enough to have retirees. Most of GM's
> older workers are leaving and being replaced by $14.00 hour younger
> replacements.with much less benefits. Ten years down the road, the
> tables will be just the opposite, where Toyota and Honda will start
> to get a bunch of US retirees and GM's workforce will be younger
> and lower payed with fewer retirees. I suppose you want to take the
> health care from the retirees that punished their bodies for 30 plus
> years on that assembly line you little pencil pusher?