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New York is *my* city...
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New York is *my* city...
In article ,
says... On Fri, 19 Jul 2013 15:58:51 -0400, "F.O.A.D." wrote: On 7/19/13 3:55 PM, wrote: On Fri, 19 Jul 2013 12:46:32 -0400, iBoaterer wrote: The auto industry killed itself by bowing to UAW demands You can't have mediocre employees building ****ty cars for $75 an hour and survive. When they moved to right to work states where they could fire non-performing employees and pay a market wage, they recovered. Detroit failed because all the actual working people left and their tax base evaporated. They were left with hugh pension obligations from the public service unions and that money left immediately too, because all of those retired cops and firemen live here in the south That is the point Texas is making The point Texas is making is that it is easy pickings for employers who want to exploit the work force and the environment and families. "Come on down to the state of the stupid, where you can run your business pretty much anyway you want. No real rules here." Sounds like a convincing argument to move there to me. Yes, "the state of stupid" WOULD appeal to quite a few. |
New York is *my* city...
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New York is *my* city...
|
New York is *my* city...
On 7/20/2013 7:52 AM, wrote:
On Fri, 19 Jul 2013 08:06:31 -0400, "F.O.A.D." wrote: http://www.youtube.com/watch?v=QRofS...ature=youtu.be Lewis Black responds to Rick Perry's attempts to steal businesses from other states, especially New York. "**** you, Texas!" Last great act of defiance. I hope that uncivilized representation of New York is not construed to be indicative of the views of the good citizens of New York City. |
New York is *my* city...
|
New York is *my* city...
On 7/20/13 4:58 PM, Eisboch wrote:
"iBoaterer" wrote in message ... In article , says... On 7/19/2013 4:35 PM, Wayne.B wrote: On Fri, 19 Jul 2013 13:15:12 -0400, "F.O.A.D." wrote: We could have helped out the city of Detroit, but we blew those trillions on Iraq and Afghanistan. No jackass, we blew it on the sell ou....er, bail out... We gave it to the Unions so they could party like it was 2099.... and they did. Now it's gone, and it's time to pay the bill. === Please, enlighten all of us who don't think off the wall crazy ****. Show where the money went to the unions. ------------------------------------- GM filed for Chapter 13 bankruptcy in 2009. Bankruptcy law requires that creditors to the bankrupt corporation receive equal treatment in terms of payments made to them. In other words, you can't pay one creditor 75-100 percent of what he is owed and another creditor only 25-50 percent. But in the case of GM, the union pension fund (VEBA) was given much higher priority compared to other unsecured vendors, bond holders and creditors. In the restructuring process GM was able to negotiate new pay scales and benefit packages for new hires but was not successful in reigning back costs significantly for existing union employees. As a result, GM still has the highest labor cost of any of it's competitors. As of July 3, 2013, the American taxpayers are still in the hole to the tune of $19 billion of the $50 billion GM bailout. That amount is just about equal to the cost of retaining the pre-bankruptcy union employees's payscale and benefit packages and is likely not to ever be recovered. This is what happens when employers are allowed to have unfunded pension liabilities. It's true at many corporations and municipalities, and it shouldn't be allowed. It's just another way for employers to screw their employees. |
New York is *my* city...
|
New York is *my* city...
On 7/20/13 5:49 PM, JustWaitAFrekinMinute wrote:
On 7/20/2013 4:58 PM, Eisboch wrote: "iBoaterer" wrote in message ... In article , says... On 7/19/2013 4:35 PM, Wayne.B wrote: On Fri, 19 Jul 2013 13:15:12 -0400, "F.O.A.D." wrote: We could have helped out the city of Detroit, but we blew those trillions on Iraq and Afghanistan. No jackass, we blew it on the sell ou....er, bail out... We gave it to the Unions so they could party like it was 2099.... and they did. Now it's gone, and it's time to pay the bill. === Please, enlighten all of us who don't think off the wall crazy ****. Show where the money went to the unions. ------------------------------------- GM filed for Chapter 13 bankruptcy in 2009. Bankruptcy law requires that creditors to the bankrupt corporation receive equal treatment in terms of payments made to them. In other words, you can't pay one creditor 75-100 percent of what he is owed and another creditor only 25-50 percent. But in the case of GM, the union pension fund (VEBA) was given much higher priority compared to other unsecured vendors, bond holders and creditors. In the restructuring process GM was able to negotiate new pay scales and benefit packages for new hires but was not successful in reigning back costs significantly for existing union employees. As a result, GM still has the highest labor cost of any of it's competitors. As of July 3, 2013, the American taxpayers are still in the hole to the tune of $19 billion of the $50 billion GM bailout. That amount is just about equal to the cost of retaining the pre-bankruptcy union employees's payscale and benefit packages and is likely not to ever be recovered. In other words.. for about the millionth time, I am right, kevin is jealous... Second funny of this day, and from the rec.boats lunatic. |
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