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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (59375)	2/15/2009 7:30:47 AM
From: lorne	2 Recommendations Respond to of 224744

Report: GM to say, 'more aid or bankruptcy' SAN FRANCISCO (MarketWatch) - General Motors Corp. will offer the government the choice of giving it billions more in bailout money or seeing it file for bankruptcy when it presents a restructuring plan next week, according to a report published Saturday. marketwatch.com{D2483F8A-638A-4A2B-9EC2-428EE920D5E5}&dist=msr_1 Report: UAW walks away from GM talks usatoday.com DETROIT (AP) — Negotiators for the United Auto Workers walked out of concession talks with General Motors Corp. Friday night in a dispute over payments to a union-administered retiree health care fund, a person briefed on the talks said Saturday. The breakdown comes at a critical time as GM races against a Tuesday deadline to submit a plan to the government showing how it can become viable. The Detroit-based auto giant is living on $9.4 billion in government loans, and the Treasury Department must approve its viability plan for GM to get $4 billion more. Chrysler LLC, which has received $4 billion in government loans and wants an additional $3 billion, faces the same deadline. At GM, UAW negotiators walked away because the company made demands that were "detrimental to retirees and the ability to provide health care," according to the person, who asked not to be identified because the talks are private.

To: MJ who wrote (59375)	2/15/2009 11:42:58 AM
From: Ann Corrigan	1 Recommendation Read Replies (1) \| Respond to of 224744

Amen! mj....truer words were never virtually spoken. Other topic: Does Eric Cantor, in your opinion, have enough steel in his backbone to lead the Right's political crusade to mid-term victory in 2010? He's showing some promise: nytimes.com