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Originally Posted by garagelogic
So why should I, I being the U.S. taxpayer, want to make the loan to GM if the risk is so high that people in the business of loaning money are unwilling/too smart to do so?
Let the damn company(s) fail and we will all be better off in the long run.
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. . . and the auto industry doesn't generate any taxes? From what I've found 4% of the GDP of the United States comes directly from the auto industry. 2% of the jobs in the US are tied to the Big 3. Seems like they've put a few bucks into the tax pool. They're asking to have some back for a little while.
Quote:
Originally Posted by PieNsky
Sorry if this is already posted, most likely it has been corrected. My sister is retired from Ford, my father in law works for Ford, my brother in law works for Ford and I work for Toyota. We all make about the same. Ford does offer its employee's better insurance and retirement. Could you tell me where on the internet I could find your misinformation?
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Cost isn't the same as pay. Unionized workers cost more than non.