Quote:
Originally Posted by headpunter
my dad said that Barney frank was saying the government should give them some money and force the union to loosen its stranglehold on the industry by lowering pension contributions and medical requirements.
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I think that will happen by the time it's all said and done. The govt. wants the loan to go to helping the company restructure for profitability, not to load off on pensions and healthcare costs (although, in a way that would help GM get back to profitability in and of itself). If the feds have part ownership, they could make the UAW all but dissappear.