Stephen Russell wrote: > On Fri, Mar 6, 2009 at 3:22 PM, MB Software Solutions General Account > <[email protected]> wrote: >> Protectionism is NOT a dirty word. Look at them now trying to get >> everyone to buy US cars. GM seems doomed to failure (as many said it >> was). How much money will we have wasted in this "bailout" when (not if) >> GM goes into bankruptcy? Please tell me absolutely NO bonuses were paid >> out. > ----------------------------------- > > The GM retirement plan is guaranteed by the US government or so it > seems from what I have read. If they fail, they still get paid by the > tax payer instead at no loss. Sucks for the rest of us. > > Because of this little tidbit i think the government is trying real > hard to duct tape them for the short run. >
I'd love to think they could fix it, but even their own auditors doubt it. Better to let them go to bankruptcy and restructure, imo. Would that allow them to bust out the union? The unions today don't serve as they once did. They're as bad as the insurance companies and ambulance-chasing lawyers driving up other costs. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
