[2ndDivisionVet]

Unreal! No wonder they're going out of business!

[ken21]

according to a recent wsj article,

there are a combined 190,000 big 3 auto union employees

supporting 600,000 retired union employees.

and how do the big 3 compete with the euros and asians?

[llevrok]

How about throwing off $50/hour to start?

[verklaring]

Correction of title: What will the UAW through off to keep their jobs and union afloat?

[ensignbay]

Unions are a microcosm of socialism on a per-company basis. They are bleeding their hosts dry and are too greedy to acknowledge it.

What ever happened to pride in an honest day’s pay for an honest day’s work?

http://www.gopetition.com/petitions/we-demand-true-conservative-leadership.html

[sickoflibs]

Have you noticed how fast democrats turning on Big-3 publicly when the polls showed the bailout was unpopular, and republicans decided not to get setup again?? Now they are demanding stuff. The delay is killing them because now they want 45B, but a few weeks they demanded 25B and democrats claimed it was just a loan/investment. See, post GWB, post-McCain wont be that bad. Democrats finally have to explain their actions.

[madison10]

Peter Morici is a professor of international business at the University of Maryland. In late November, he testified before the Senate Banking Committee, alongside the CEOs of the Big Three automakers and United Auto Workers president Ron Gettelfinger.

“The real problem here is that [Banking Committee chairman Chris] Dodd doesn’t understand the scope of the severance payments that the UAW gets,” Morici tells me. “They go in the jobs bank and they stay there forever. My feeling is that [the Big Three] are at fault for letting the jobs bank continue after these last labor negotiations and agreeing to $105,000 buyouts. The whole situation is absurd.”

The buyouts of that size ($105,000) are one time only, come from the pension fund and equal three years of pension, with no continued health care after leaving the automaker. If a person agrees to take that amount that is the only pension they will get. In the long run the large payouts are, of course, less expensive than paying the pensions for life.

No one "stays in the jobs bank forever." They really don't exist anymore.

Can't wait until the MSM asks for bailouts. They are fear mongers and liars.

[BenLurkin]

Here's a hint: Before the unions give up anything they will want assurances from Obama that a Federal Program (paid for by tax dollar's) will takes it's place.

So...giving up company health care? Or pension? Only if the Feds step in to take it's place.

Whats’ worse — it's going to happen..

[BenLurkin]

Here's a hint: Before the unions give up anything they will want assurances from Obama that a Federal Program (paid for by tax dollar's) will takes it's place.

So...giving up company health care? Or pension? Only if the Feds step in to take it's place.

Whats’ worse — it's going to happen..

[monkeycard]

Margaret Thatcher broke the unions in the UK. Who will be our Maggie?

[EGPWS]

The United Auto Workers union called an emergency meeting...

In Washington D.C. by any chance?

Everyone else is having them there these days...

[OBXWanderer]

Workers with at least ten years of seniority are eligible for the Job Opportunity Bank Security program. This is the notorious jobs bank that allows laid-off workers to receive their regular hourly pay while sitting around doing crossword puzzles or reading the paper. If GM offers these employees an opportunity to transfer to another plant, they have the right to turn down a limited number of such offers. And if no offer is made, they can stay in the jobs bank until they retire. GM currently has around 1,400 workers nationwide in the jobs bank.

Un fr*gg#n believable

[Blood of Tyrants]

Once the health-care provisions of these contracts take effect in 2010

Except that by 2010 there might not be a GM or Chrysler or Ford.

[Bean Counter]

[RKBA Democrat]

Concessions in the long run are a nonissue. The UAW is producing products that most of the public isn’t interested in buying.

[Mr. Jeeves]

Q: If the UAW thinks a bailout will work, why don't they use the depressed stock price as an opportunity to just buy GM outright and make it a union-owned company?

A: Because they would have to run it like a business, and there would be no money left for big salaries, big pensions, or big contributions to Democrats.

[Lady GOP]

Unfortunatly it may be too late for concessions. I really do feel for these workers. They are good Americans. Our country is in a financial mess and it is going to get worse.
I think they are going to have to shed many jobs and its sad.

[org.whodat]

Nothing, smoke and mirrors, short answer!!! Are is that lip service only!!

[Lancey Howard]

Unreal! No wonder they're going out of business!

Let them.

A chronic alcoholic usually won't go into recovery until he "hits bottom". Like the drunk, the "Big Three" need to wake up some afternoon in a dumpster, covered in thir own vomit, holding their pounding heads while squinting at the sun and wondering how they got there.

THEN they can begin recovery.