11-18-2008, 11:13 AM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
Quote:
Originally Posted by Bobcat
Absolutely not ! This would really be a bailout of the UAW .... and they are to a large degree the cause of the problems .Wonder why GM pays out $11,0000,000 / yr on their medical plan for Viagra ?? Part of the union negotiated benefits package . This would also be a payback to the unions for their support for the Democrats in the election . Chapter 11 would NOT cause the companies to close their doors . It would allow them to reorganize , void bad union contracts and evaluate their dealer network . The airlines kept going when they were in bankruptcy .
Where does it all end ?? Who is the next one in line with their hand out ??
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