He contradicts himself so often that he wouldn't know his own lies if they bit him in the ass. Just ignore him. His nonsense is non stop. He says you can't change a contract, but says they changed to silly work rules already. Nonsense. Of the 2200 pages of the contract, a large portion is stating the work rules that cripple the Big 3.
He states that it isn't a bailout, but a loan. There is NO way that GM can repay a loan the way it is set up. Management is also a huge problem with the company. Heck, they are banking their future on the Volt, a car that is battery run and can go a whole 150 miles before needed a recharge. Boy, that will be a practical car, not.
Just shut them down now.
I never figured out why he thought contracts can’t be changed. From what I understood of Business Law if both parties to a contract agree to change or void a contract then it can happen.
Since we know the auto companies would agree to the changes then if the auto union would also agree to changes to get the federal bailout it could happen.
It is a strange world. Wall Street millionaires and autoworkers making $60,000+ a year needs my help but people I know who work two jobs just to get by has been screwed constantly by those same autoworkers (higher car prices on poorly made vehicles) and bankers (bank and credit card fees that is a damn rip off) yet we are not patriotic if we don’t support the bastards with higher taxes on our hard earned money.
I don’t see the guy laid off at a gas station or the worker of a chicken processing plant getting the deal that BronxBoy wants for his boys.