Mr. P
12-21-2008, 03:06 PM
An important portion of Bushs' statement on the bailout.
This restructuring will require meaningful concessions from all involved in the auto industry — management, labor unions, creditors, bond holders, dealers, and suppliers.
In particular, automakers must meet conditions that experts agree are necessary for long-term viability, including putting their retirement plans on a sustainable footing, persuading bond holders to convert their debt into capital that companies need to address immediate financial shortfalls, and making their compensation competitive with foreign automakers who have major operations in the United States.
So, guess who opposes the BOLDED part? Yep, the ungrateful UAW! They never cease to amaze me with their arrogance and STUPIDITY!
The opposition by the UAW on the above was announced on Meet the Press this morning.
This restructuring will require meaningful concessions from all involved in the auto industry — management, labor unions, creditors, bond holders, dealers, and suppliers.
In particular, automakers must meet conditions that experts agree are necessary for long-term viability, including putting their retirement plans on a sustainable footing, persuading bond holders to convert their debt into capital that companies need to address immediate financial shortfalls, and making their compensation competitive with foreign automakers who have major operations in the United States.
So, guess who opposes the BOLDED part? Yep, the ungrateful UAW! They never cease to amaze me with their arrogance and STUPIDITY!
The opposition by the UAW on the above was announced on Meet the Press this morning.