Why does the automobile bailout not require any union pay cuts?

Dec 10, 2008 by don1862 | Posted in Corporations

I don't really like bailing out auto companies any morethan I like bailing out banks. But it may be necessary to help save our economy. However, these companies can never be competetive and viable without major UAW concessions.


Don't read the lies the media are telling you,the wages and benefits for the UAW member is $50 compared to $45 for Toyota.
But as a UAW member I would take a pay cut if the Senators and Congressmen will.

toledojeeper | Dec 11, 2008

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Obama Car Czar Grilled About '09 "I Did This All for the Unions" Quote

08.07.11

There was a dinner, and it was reported by David Sheppardson, Washington correspondent for the Detroit News , at a farewell dinner of the auto task force held in the restaurant Rosa Mexicano in late July 2009 that you allegedly said, "I did this... Burton: Did you say this at a dinner. ) asked Bloom to clarify his statement regarding the unions:. For that reason, Bloom&rsquo. Burton: You didn&rsquo. Burton: Well, I&rsquo. Bloom: That&rsquo. Bloom: No I did not say that. During the June hearing, Representative Dan Burton (R-Ind. you know that you&rsquo. Bloom: No sir.

Source: The New American

Is it ok for Bank of America to have spent their bailout money in ...

by admin

Originally the bailout funds were suppose to be used to buy up defaulted mortgages to free up the credit crunch. The bailout is suppose too free up credit for businesses so they can keep operating and don’t have to lay people off. The Treasury Dept is dispensing the bailout funds, mostly by buying stock in distressed banks. Originally the monetary institutions gave the sense which they’d use the income to assistance ‘the people’ (as in we as well as me) by for e. g. creation it simpler to lend out income by carrying some-more money. Not usually did B of A not palliate their restrictions upon lending or reduce rates, they outlayed the income shopping bonds of Chinese bank shares as well as alternative investments to distinction the CEO’s. This wasn’t meant to help individuals nor lower interest rates and certainly not ease restrictions, since that’s why so many people are defaulting on their mortgages....

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