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To: Valuepro who wrote (291574)	11/15/2010 5:35:12 PM
From: Jim McMannis	Respond to of 306849

Amazing how Ted never had to balance a budget.

To: Valuepro who wrote (291574)	11/15/2010 5:50:02 PM
From: tejek	Read Replies (1) \| 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. That's because corp. mgmt played the auto market wrong for decades. They refused to develop the kind of quality cars other auto companies [read foreign companies] were producing. Their whole corp policy was based on obsolescence. They refused to endorse good gas mileage cars enthusiastically. They were the last to the hybrid model. Their designs stunk up the joint. In fact, they pretty much did everything you could do wrong for the past 40 years, losing market share year after year to foreign auto companies. Dude, I feel very comfortable blaming mgmt. 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. Here we go......you're not winning the discussion so you introduce a strawman by comparing apples to kumquats. 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. The average college professor makes between $80K-100K and most university chancellors make close to a million so your analogy is a poor one. And their jobs are only half as hard as the guy's on the assembly line. Again, why are you so callous? Why do you want to screw the little guy?

To: Valuepro who wrote (291574)	11/15/2010 6:23:53 PM
From: Skeeter Bug	Respond to of 306849

>>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.<< you are confused on two levels. first, the typical assembly line worker doesn't work for the state of CA or is unionized in CA. so the question still stands. second, are you seriously going to argue that the world's largest banker blown bubble has nothing, absolutely nothing, to do with the outrageous pay and benefits received by some public sector unions? if the bubble helped to cause those outrageous pension packages, then the blame goes right back on the bankers. and it does.