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

To: joseffy who wrote (668711)	8/23/2012 11:53:04 AM
From: i-node	4 Recommendations Read Replies (1) \| Respond to of 1579714

>> Re: "We should have asked the UAW (the United Auto Workers union) to do a bit more. We did not ask any UAW member to take a cut in their pay." >> And GM, according to Forbes writer Louis Woodhill, is headed to bankruptcy again. At the time, I was raising hell on this very thread about the corrupt process and that the failure to solve the basic problem -- the UAW, would land GM back in bankruptcy court. CJ and tejek on this very thread were both busy telling us how the problem was MANAGEMENT, NOT the UAW. Clearly, this is not the case and wasn't then, either. The problem was UAW and Obama's corrupt process allowed UAW not only to RETAIN its power but to INCREASE its power. And GM is headed back to Chapter 11. It may take a couple years, but it is damned premature to be claiming GM has been "saved". When the history is written, Obama's corrupt bankruptcy process will be responsible for the death of GM and the loss of billions in taxpayer dollars. The next time through Chapter 11, GM may not survive as an entity.