|
12-24-2008, 12:24 AM
|
|
CD News Reporter
|
|
Join Date: Jan 2007
13,445 posts, read 8,665,471 times
Reputation: 5476
|
|
News, Bush signs bill offering businesses pension relief.
WASHINGTON (AP) — President Bush signed legislation Tuesday that frees businesses from having to pump billions into pension plans in the coming year, another sign of the nation's deepening economic crisis.
The legislation has been a priority of business groups, which say that some companies will have to freeze pension plans, lay off workers or even go bankrupt without the relief.
Bush signs bill offering businesses pension relief - USATODAY.com |
|
12-24-2008, 07:17 AM
|
|
Senior Member
|
|
Join Date: Sep 2006
800 posts, read 811,251 times
Reputation: 285
|
|
|
Oh good God, the reason that there was a law pending to make them put money into their pension accounts is because they weren't, now Bushco gives businesses another bailout. Because when the retirees retire, there will be no money there to retire them, so in comes the Govt to do it (taxpayer).
Will these bailouts never end?
|
|
12-24-2008, 07:25 PM
|
|
Senior Member
|
|
Join Date: Dec 2007
13,914 posts, read 5,994,033 times
Reputation: 2529
|
|
|
Its better tahn letting them go bankrupt when they would get pennies on the dollar on those pension.
|
|
12-25-2008, 09:18 AM
|
|
Senior Member
|
|
Join Date: Oct 2006
4,185 posts, read 2,156,112 times
Reputation: 1110
|
|
Quote:
Originally Posted by John1960
WASHINGTON (AP) — President Bush signed legislation Tuesday that frees businesses from having to pump billions into pension plans in the coming year, another sign of the nation's deepening economic crisis.
The legislation has been a priority of business groups, which say that some companies will have to freeze pension plans, lay off workers or even go bankrupt without the relief.
Bush signs bill offering businesses pension relief - USATODAY.com |
God, I am so sick of Bush and what he's done to this country. January 20 cannot arrive quickly enough for me. |
|
12-25-2008, 12:43 PM
|
|
Senior Member
Status:
"I didn't take the "Blue" pill"
(set 6 days ago)
|
|
Join Date: Sep 2007
Location: Great State of Texas
10,648 posts, read 3,876,088 times
Reputation: 2142
|
|
Quote:
Originally Posted by texdav
Its better tahn letting them go bankrupt when they would get pennies on the dollar on those pension.
|
Did you see the list of companies that led that effort ?
Pfizer, IBM, Verizon and Kraft among them..they certainly aren't on the verge of bankruptcy.
Companies Ask Congress for Pension Relief - Planning to Retire (usnews.com)
snippet:
"Roughly 300 companies are lobbying congress to temporarily loosen pension-funding rules. The companies, which span multiple industries and include DuPont, Ford, IBM, GlaxoSmithKline, Kraft, Northrop Grumman, Pfizer, and Verizon Communications, say that fully funding their pensions under current economic conditions will lead to widespread job losses and benefit reductions." |
|
12-25-2008, 10:15 PM
|
|
Senior Member
|
|
Join Date: Jun 2007
Location: Rockland County New York
2,989 posts, read 998,475 times
Reputation: 1054
|
|
Quote:
Originally Posted by movin'on
God, I am so sick of Bush and what he's done to this country. January 20 cannot arrive quickly enough for me.
|
Do you really think Obama would do anything different? Big business influences our government like a puppet. |
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
