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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (291571)	11/15/2010 5:21:45 PM
From: Valuepro	Read Replies (3) \| Respond to of 306849

"Pray tell.....how would screwing the little guy whose worked his ass off on the assembly line for decades......a grim job if ever there was one..........help the rest of the country?" Those workers have received more pay, and retirement benefits than the company has been able to sustain. And before you blame banks and industrialists for this, look at the State of California and other states. Too many workers, receiving too much pay, retiring early, and living better in retirement than others, just like the workers at GM. Besides, they wouldn't be so "screwed" as you are wont to imply if the Pension Benefits Guarantee Corporation had been allowed its roll, a step in the bankruptcy process that was avoided when Uncle Sugar stepped in to "save" GM at taxpayer expense. Further, unless GM can return to its roll as the world's leading car manufacturer, the current workout only puts off a repeat of their recent experience. I have to say, though, GM did fairly well in that I was reading about their eventual demise as far back as '95. VP in AZ 50% Libertarian, 50% Re-Elect No One Party (an anti incumbent movement) Oh, and just because some poor worker (who was never motivated to do better for themselves) has a "grim" job is no good reason for them to live as well as the average college professor, or better than emergency services responders who put their lives on the line for the public.