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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ajtj99 who wrote (68611)	9/5/2007 3:19:26 PM
From: Mike da bear	Read Replies (2) of 116555

You're such an arse. I don't believe auto workers deserved the compensation they got either. But they did get it through legal contracts with the Auto companies. You can't ex-post-facto say it was too much so we're going to take away what was granted in the contracts. Now the auto companies will go bankrupt and dump the pension plans on the US taxpayer. That is f'ing bullshit. Companies should be funding their pension plans properly as they go, then they wouldn't be funding retiree heath care expenses with current operating cash flow. Why don't you vent as much on the CEO pay being 400x (or whatever it is) the average worker wage.

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