Thread: OT GM bailout
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  #19  
Old November 19th, 2008, 10:58 AM posted to rec.outdoors.fishing.fly
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Default OT GM bailout

On Tue, 18 Nov 2008 17:25:30 -0800, Calif Bill wrote:


Unemployment insurance will cost less and why should the chosen few
(UAW) workers get a free ride. Been lots of layoff's over the years.
Pension plans have gone bust. The govenment picks up some of the
pension liabilities, but those UAW workers have been pulling down top
$$$ for years. Maybe they should have saved some of them.


Just to add, there are @500,000 UAW retirees. That's enough to break the
Pension Benefit Guaranty Corp. You can bail them out now, or you can
bail them out later.