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To: gogeo

You said the workers were paid this amount...Thus I merely pointed out the true figure. If anyone was lying; it was you. I prefer to believe you were mistaken as the ignorance on this issue is shocking.

There is no doubt legacy costs add to this problem which is why the union will assume the legacy cost of their employees in 2011 (2007 contract) and could well assume such costs almost immediately because they have agree to accept equity in GM instead of the cash their members paid into this program over the years. This was in the works before the economic meltdown. It takes judicial review in order to finalize the deal...which is why 2011 was the target year for this to happen.

However, a car czar could circumvent the courts, and this would be ideal. Also, if this works, the US taxpayers would not be on the hook for the pensions. It is a shame that those who disagree with you for whatever reason resort to name calling when the errors in their arguments are pointed out.

The truth probably is that many on this forum want GM and Ford to go away because of the hatred of unions and don’t give a crap about the effect on the economy or this country. You know many of the guys who work for me are ex-military. They do not deserve this sort of rage directed against them. They served their country proudly and do their job well...hatred is a destructive emotion. It is a sad day for this country when a party is willing to destroy their country for political reasons-completely un-American. Truly, those in the GOP who support this-Shelby, Corker and others should be ashamed. When are country was on its knees, these fools attempted to score some sort of political score and acted in ways they believe will benefit the transplants (campaign contributions)-truly disgraceful behavior.


413 posted on 12/16/2008 8:08:04 AM PST by bronxboy
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To: bronxboy
You said the workers were paid this amount...Thus I merely pointed out the true figure. If anyone was lying; it was you. I prefer to believe you were mistaken as the ignorance on this issue is shocking...

It doesn't matter if the amount shows up in their checks or not...compensation is compensation. To argue otherwise, again, falls under the broader definition of "lie."

I've followed the auto industry in the financial media and the Freep for years. Your statements, to put it bluntly, do not stand up to scrutiny.

418 posted on 12/16/2008 12:29:24 PM PST by gogeo (Democrats want to support the troops by accusing them of war crimes.)
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