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DETROIT (AP) — Negotiators for the United Auto Workers walked out of concession talks with General Motors Corp. Friday night in a dispute over payments to a union-administered retiree health care fund, a person briefed on the talks said Saturday.
The breakdown comes at a critical time as GM races against a Tuesday deadline to submit a plan to the government showing how it can become viable.
I say, the hell with the Union. GM should file Chap 11 BK - which will dissolve the contract. Re-affirm their obligation to retirees and certain other benefits. Then, say BYE BYE to the UAW!
DETROIT (AP) I say, the hell with the Union. GM should file Chap 11 BK - which will dissolve the contract. Re-affirm their obligation to retirees and certain other benefits. Then, say BYE BYE to the UAW!
If GM does file chapter 11, the UAW may in fact fold ( not immediately - but eventually)... but a far more serious problem will be the company will use the situation to drastically curtail or eliminate health care, pension and wage benefits... Plus - GM will probably not survive the reorganization - because who would buy a car from them when they are bankrupt - unless they sell them at a loss...
Plus - we taxpayers will probably lose our portion of the $35 Billion bailout paid to date...
You don't really want that to happen - do you? And I'm as fed up by the UAW's featherbedding rules as others are...
I say, the hell with the Union. GM should file Chap 11 BK - which will dissolve the contract. Re-affirm their obligation to retirees and certain other benefits. Then, say BYE BYE to the UAW!
It is always fascinating to watch folks call for the abrogation of contracts when it the folks being abrogated are working class.
The UAW agree to help bailout GM in December of 2008 by assuming the medical benefits of its retired members based upon a lump sum payoff by GM. Now that GM wishes to renege on that agreement which was reached to keep GM afloat, we have posters arguing that the UAW is the bad guy.
It is always fascinating to watch folks call for the abrogation of contracts when it the folks being abrogated are working class.
The UAW agree to help bailout GM in December of 2008 by assuming the medical benefits of its retired members based upon a lump sum payoff by GM. Now that GM wishes to renege on that agreement which was reached to keep GM afloat, we have posters arguing that the UAW is the bad guy.
Amazing feats of moral relativism.
And it's those same a-holes who don't want any dealings with any health-care reforms.
Obama owes the UAW because they helped deliver to him 5 states. Obama is deeply indebted to the UAW and the UAW knows this. The UAW is holding a royal flush as a special interest obligation from Obama. Welcome to fraudulent Chicago style thug Dumbocrat politics in Washington, DC.
Obama owes the UAW because they helped deliver to him 5 states. Obama is deeply indebted to the UAW and the UAW knows this. The UAW is holding a royal flush as a special interest obligation from Obama. Welcome to fraudulent Chicago style thug Dumbocrat politics in Washington, DC.
Greedy bastards are going to put themselves out of a job completely, and it is probably the best solution for the country. UAW is trying to blackmail the taxpayers into funding their corporate breaking greed, to hell with them.
This is a complex situation as the UAW used strong arm techniques to obtain benefits and now the chickens are coming home roost. They are counting on the government coming to the rescue and that may not happen. Chapter 11 is more palatable today then it was months ago. Not even Toyota is secure and if reorganization may increase confidence to buy knowing that a viable company will be there down the road. It is Chapter 11 which is reorganization and why wouldn't they survive it as a scaled down company forced to drop money losing platforms.
Obama owes the UAW because they helped deliver to him 5 states. Obama is deeply indebted to the UAW and the UAW knows this. The UAW is holding a royal flush as a special interest obligation from Obama. Welcome to fraudulent Chicago style thug Dumbocrat politics in Washington, DC.
They aren't holding anything. The election is over and Obama won. Are you talking about 2012 perhaps?
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