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To: greeneyes

“Creditors of the car companies did not get paid in the order they were supposed to. The unions were put ahead of them, and he got away with it.”

I’m fine with that. I am a proponent of, you do the work you get paid for the work. All the creditors put up was money.

We need to start valuing work in this country again.


132 posted on 07/13/2011 9:46:30 PM PDT by moshiach
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To: moshiach
My point was with reference to the comment that legally the bond holders have to get paid first. With Obama that ain't necessarily so.

As to your point, if a law is wrong, change it, don't just ignore it and do whatever the h_ll you feel like. That is my problem with what Obama and the Dems do.

Besides, in the long run, if stuff like this happens, people will just take their dollars elsewhere, which also hurts the company and the economy.

In addition, it may be just dollars to you, but lots of hardworking people had their pensions, 401k’s, etc. invested in stocks and bonds.

I guess those who still have jobs, and are young enough, may be able to adjust, but the others are just SOL. So I feel just as sorry for them as I do for the car workers.

134 posted on 07/13/2011 10:23:50 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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