As GM Goes So Goes California ( and the USA ) in Pensions: Roger Lowenstein

6/2/2009 | Roger Lowenstein

[kellynla]

Cannot post. Here is the link:http://www.bloomberg.com/apps/news?pid=20670001&sid=aFJd7ViPkXQg

[kellynla]

Link:http://www.bloomberg.com/apps/news?pid=20670001&sid=aFJd7ViPkXQg

[penelopesire]

Anyone watching the hearings on the dealerships on CSPAN? I have been and we need to get the transcripts put up as soon as we can. We should all weep for our country today. America is bordering on becoming a fascist state in a mere 4 months. The National Automobile Dealers Association President was AWESOME!! His opening statement really should be read by every freeper and put up on YouTube.

[penelopesire]

Here it is:

NADA President Statement (Must read)

http://www.nada.org/NR/rdonlyres/40E4F9BF-D7D6-4393-8826-0465B81507A0/0/McEleneyOralTestimonySenateCommerce060309.pdf

[kellynla]

Thanks for posting.
I’ll read it.

[cherry]

GM could have gone bankrupt and thrown their pension obligations to the govt...but no, the UAW is too good for that.....other companies can be put in bankruptcy and their workers given the greatly reduced pension and no medical, but not for husseins people....nope, they deserve it all.....

as far as the govt workers....who says they can't take reductions?.....if they won't...then stop retirement pensions all together.....

and as for SS and Medicare....no thanks....I won't accept another hike of my deductions to pay for granny's 12 meds and the knee, hip,and shoulder surgeries and the free uped money for the casino....

index SS with all other pensions...and make Medicare recipients have to pay more up front for each and every single running into the doctor that they do....

there are no free rides and no free drugs....

after that, we'll start on the "handicap" parking scam...