Quote:
Originally Posted by Dragoneye
So...let me recap for a second...see if I understand.
GM went into bankruptcy partly because of the crushing legacy costs; retirement, healthcare, etc. I think the price was something like 10 employees' benefits for every 1 actively working employee? I've got the exact number wrong...but it was very high.
GM was in the process of paying their share to the VEBA fund which would take the burden of retirement and benefits off of the company when they went into bankruptcy. (read: "the fund was going to get this payment anyways...")
And so the union invested in GM to help them through the bankruptcy...they're making money off of it and putting it into the VEBA fund....
Which will release GM of the aforementioned responsibilities (and costs).
And this is a bad thing because one publication wrote an opinion piece on the subject?
 |
I don`t have a problem with an opinion article provided that it was sourced from a neutral and unbiased publication, but the Washington Times is to right what the New York Times is to the left. That whole article was nothing but an anti-administration and anti-union hit job.
How do you think people would react to either an opinion piece from Move On.org or The Drudge Report?