Wisconsin Governor Scott Walker

[Riot]

Originally Posted by SOREHOOF

They bargained benefits that played a role in bankrupting the auto cos. They should have been allowed to go down. The UAW bit off the hand that feeds, but Obama was right there to save them with our $$. Screwing stock and bond holders. There is a huge difference between public and private sector unions. At least until the private sector unions need taxpayer $$ to survive.

Didn't GM make a billion dollar profit this year? The US has sold off most of it's GM's shares, so we've gotten most of our money back. GM has far less debt, still has money to pay for all those retirees' pensions it's carrying (a terrible thing if those were gone forever), and still has all those jobs in development, manufacturing, etc. It's leaner, meaner, and should be around. I disagree it should have been allowed to go bankrupt and disappear, with all those pensions and jobs with it.

[timmgirvan]

Originally Posted by Riot

Didn't GM make a billion dollar profit this year? The US has sold off most of it's GM's shares, so we've gotten most of our money back. GM has far less debt, still has money to pay for all those retirees' pensions it's carrying (a terrible thing if those were gone forever), and still has all those jobs in development, manufacturing, etc. It's leaner, meaner, and should be around. I disagree it should have been allowed to go bankrupt and disappear, with all those pensions and jobs with it.

the jobs went first , then they stole the pensions. And GM was crowing about paying their debt while they were warning about the 16bil shortfall in pensiions out of the other side of their mouths. It was and is criminal!