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To: Mike da bear who wrote (68612)	9/5/2007 3:27:17 PM
From: ballsschweaty	Read Replies (1) \| Respond to of 116555

<<But they did get it through legal contracts with the Auto companies.>> No, they got it through extortion. Pay outrageous compensation that is at least 3x market or we all go out on strike and put you out of business. Now we are witnessing the free market forces finally take over.

To: Mike da bear who wrote (68612)	9/5/2007 3:39:13 PM
From: ajtj99	Respond to of 116555

Mike, the law allows the corporations to do that. Prior to 1992, companies didn't even have to properly fund their pensions. People know the current rules and situations. If the automaker goes bankrupt, their workers' pension is a liability like other liabilities, but with a few restrictions and some preference. Anyone who works for an automaker and expects them to be their daddy for life deserves whatever happens to them, good or bad. Contracts don't mean squat. They can be broken, changed, and re-negotiated.