American auto industry low on fuel and popular support

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May not have time.

GM is running short. Right now, with the Union holding the tight and curlies, they have about 2 months, go Chapter 11q, they have 6 months of funds. You speak the truth, with fully 42% of the 25B originally proposed going to fund PREVIOUS UNION commitments.

You can also be sure that even though, as you point out, Democrats are indebted to the unions, they still have to get re-elected and I am 100% opposed to funding as status quo, 100% for if they pre-package bankruptcy and/or, workers force the unions into serious concessions.

The current round of concession, we'll let you postpone some payments and you can stop paying laid off people full salary doesn't fix the problem, the cost/worker needs to go from $74/hour to $45-$50/hour. Think the UAW will allow that, probably let the companies fail before agreeing to that, driving all the workers right out of a job calling everyone's "bluff".

TripleII

Posted by: TripleII   Posted on: 12/04/08 You are currently: a Guest | Members login | Terms of Use

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