"Tom Francis - SWSports" wrote in
message news
On Thu, 13 Nov 2008 02:51:05 -0500, "Eisboch"
wrote:

His "package" (including benefits) was in excess of $85k/year and upon
retirement could look forward to full, GM financed health coverage along
with his pension.

And, this is really a ****er, now GM wants the US Taxpayer to dig them
out of the health care hole by paying for the ridiculous health care
packages for their retireees.

So now we have GM begging some working stiff who works, pays taxes and
either doesn't have a health package or only Major Medical at an
exhorbitant rate to sponsor some moron who put four screws in a
dashboard for most of his life and was paid $34/hr plus benefits for
doing so and now has a $4 co-pay for everything health care related.

Here's what I think GM should do - pre-pack a Chapter 11 bankruptcy,
get rid of the ridiculous union contracts and start over again with
government backing (not loans) with reasonable labor costs and
competitive products.

That will do more for the American economy than any TARP.


Actually, I screwed the facts up. The guy wasn't making $85K per year. He
was making $85 per hour, including base pay and cost of benefits. Hmmm...
85 times 40hrs/week times 56 weeks ..... not bad!

As mentioned in a previous post, I agree with the Duck and you. The
solution to the auto industry's problems is Chapter 11 and reorganization,
not a taxpayer financed bailout.


Eisboch