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Originally Posted by wollybugger  So let em get this straight:
Unions demand compaies to provide their workers salaries and benifits far unbalanced than comparative non-union positions.
So much so, that the company, to get positve profit margins, has to substitute plastic parts instead of metal (famous Ford transmission failure mode).
So the products reliability tanks .... while costs increase ... putting them out of the competitive market. And the union chiefs sit in their rockers, looking the other way?
AND OUR GOVERNMENT HAS TO BAIL THEM OUT??????
NO WAY!!! |
Lets all remember when you say "GM" we are not talking about a bowtie logo or a half dozen cigar smoking big wigs in a board room, they already have their money, we are talking about 266,000 people with mortgages, car payments, kids with braces and kids in college.
Also there are retirement accounts that will go bad and health care accounts that will have to be taken over. And guess what, there is a government organization that just like Fannie and Freddie is in charge of looking after retirement plans from big business called Pension Benefit Guaranty Corporation (PBGC) So even if it fails tax payers are going to get hit more than likely.