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Old 11-18-08, 12:05 PM   #11 (permalink)
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iank2112
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Join Date: Sep 2001
Location: San Diego, CA
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Re: Should the US Government (Taxpayers) Bail Out the Big Three?

Quote:
Originally Posted by Ron Earp View Post
25,000,000,000 ($25B) and 300,000,000 folks (300M), that works out to $83 per capita, all ages included. I'm not sure where Sydney is going to get her $83 share, she was planning on buying some horse back riding lessons with the money she'd earned.

I want to see a lot of union concessions if a deal goes through. I don't have a pension, I don't have health care like those folks do, and don't make a lot more money than many similarly aged line workers despite having significantly more time and money invested in my education. IMHO the unions have severely damaged the US car companies.
Actually, the UAW has already made some significant concessions over the past few years.
Newly employed UAW workers earn significantly less, and have less medical and retirement
benefits. Also, GM was on the verge of sloughing off most of their pension with the
UAW's support just to keep things afloat. For all of the UAW's efforts over the past few
years to make things the way they are now, they do acknowledge that they will have to
give up a lot to keep the industry afloat. And, without the Big Three, that's a lot of
unemployed union members.

Ian
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