OT GM bailout

"Larry L" wrote in
:

One of the great things about ROFF is that I can spout off about
things I don't know much about .... and fit right in G


I, personally, don't want to see GM 'bailed out' via my money. Let
'em go BK and restructure. Their business model is dead ... bury the
damn corpse, don't keep it on a heart lung machine pretending it's
still alive


YOMV



If you think a tax increase on those making more than $250K will damper
the economy, wait until 10% more of American jobs start getting squishy.

This is probably the wrong time to be letting them go. Even if we can
keep them viable for 18 more months, it might well be worth it.

--
Scott
Reverse name to reply

"Scott Seidman" wrote in message
. 1.4...
"Larry L" wrote in
:

One of the great things about ROFF is that I can spout off about
things I don't know much about .... and fit right in G


I, personally, don't want to see GM 'bailed out' via my money. Let
'em go BK and restructure. Their business model is dead ... bury the
damn corpse, don't keep it on a heart lung machine pretending it's
still alive


YOMV



If you think a tax increase on those making more than $250K will damper
the economy, wait until 10% more of American jobs start getting squishy.

This is probably the wrong time to be letting them go. Even if we can
keep them viable for 18 more months, it might well be worth it.

--
Scott
Reverse name to reply

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.

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.