Skidmore
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Mon Mar-30-09 09:10 AM
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Wouldn't it have been cheaper for the taxpayers to buy out |
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the automakers' retirement plans? Just pay benefits to those people collecting from them. Start the companies anew, contingent on the production of better mileage cars and production of vehicles using new energy.
Restructure and retool without hurting workers.
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AllyCat
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Mon Mar-30-09 09:14 AM
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1. That wouldn't keep the few wealthy folks in this game rich, now would it? |
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We can't have the top 0.1% of the players in this debacle not make their billions. They can't make billions if we do something sensible like that.
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dkf
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Mon Mar-30-09 09:21 AM
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2. The purpose in trying to save the automakers was to save |
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jobs. Failed retirement plans have their own contingency plans, aka the Pension Guarantee Fund.
The pension fund could have bought out the company using less than a third of the fund, but they chose not to. That tells me they don't think its a viable operation either.
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DU
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Sun May 05th 2024, 10:02 PM
Response to Original message |