Posted on 11/28/2008 10:46:19 AM PST by nateriver
“GM will seek to negotiate a cut in debt levels and new union work rules to help boost its chances of winning federal loans, according to a published report.”
(Excerpt) Read more at workerfreedom.org ...
Quit abusing the Breaking News sidebar!
Long before our current economic crisis and even before spiraling fuel costs, the big 3 had lost market share to other manufacturers. Like it or not, they will not only have to survive, but figure out a way to get some of that market share back. The market is only so big and right now it certainly isn’t growing. I suspect there are too many carmakers for demand and somebody is gonna have to scale down or go away.
I gots two bucks that the taxpayer will be on the hook for
GM’s pensions and health care. Any takers
Anytime ‘someone’ wants to get the public to defend an issue or position or grant more money/taxes they bring out the ole blackmail routine...they threaten to cut Medicare/Medicaid/Education/Defense/Social Security/Retirement...etc etc...then the poor ole people who rely on these start whining and cave in to the money grabbers. It is a game...a pitiful, horrible game....the American people are put in fear all the time at the whim of these jackals so MORE of the taxpayers money can be stolen. Let those bigshots give up THEIR retirement funds and save the employees.
Ten bucks says the same ones receiving those benefits are also tax payers and will pay taxes on those benefits....twice.
A Saudi and Mexican billionaire bought about 10 billion shares in Citi last week.The taxpayer bailed out Citi and the stock doubled over the weekend. Meanwhile, the national
debt has doubled in about two months.
I know it isn’t easy...but your answer has confused me. Mental giant that I am doesn’t see the connection to my reply to you. ‘splain please.
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