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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Don Hurst who wrote (437884)	12/3/2008 6:49:10 PM
From: Road Walker	1 Recommendation Read Replies (1) \| Respond to of 1574212

Don, what a great post. I will guarantee you won't get a reasonable response.

To: Don Hurst who wrote (437884)	12/3/2008 7:39:28 PM
From: Joe NYC	2 Recommendations Respond to of 1574212

You say $39.68 cash compensation and this is what it is according to the WSJ editorial page on Monday...$28.42 an hour vs $26 for Toyota, $24 for Honda and $21 for Hyundai. And that benefit number you quoted...guess who will pick up those legacy pension costs...I'll give you a "hint: it's a 9 letter word that starts with "T" and ends with "S" "... "<< That's not correct. Big 3 have made the payments to their pension plans. If you employ someone and promise the person a pension, you have to acrue that, and add it to the hourly wage. While the US government can get away with a pyramid scheme called Social Securit (pretend it is a pension while not making payments to any fund), private companies have to make the payments and build up a fund. The taxpayers did not pay money into big 3 pension funds, and will only make those payments if the Dems pass the bailout. Joe