Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: MittFan08
Have you read the plan? It’s not a bankruptcy - it’s a UAW bailout with a “bankruptcy” label. Taxpayers pay for the UAW health and pension benefits. It’s an outrage.

Which is why Bush should have done this. He should have forced a real Chapter 11, not this phony UAW bailout in disguise. The billions down the drain are in the future as well as the past. And if you think this is bad wait until GM files.

10 posted on 04/23/2009 12:53:58 PM PDT by jalisco555 ("My 80% friend is not my 20% enemy" - Ronald Reagan)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: jalisco555

This smells very stinky...it should be called the UAW Pay for Play, the Chitown Way. And where does the US Treasury find that $5 BILLION to dump into the UAW Pension Funds, oh right from the US Taxpayers who have refused to buy the crappy Chrysler products produced by the UAW thieves.


27 posted on 04/23/2009 1:03:42 PM PDT by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
[ Post Reply | Private Reply | To 10 | View Replies ]

To: jalisco555
Bingo.

This pre-packaged bankruptcy is just this side of fascism. When the government reaches their hand into the wallets of taxpayers to subsidies a company (only because that company employs a massive DNC lobby), it's fascism.

32 posted on 04/23/2009 1:06:54 PM PDT by Big_Monkey
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson