They Want Our Tax Money

Nightwatch,

What you don't see in the auto industry is widespread discontent between management and labor within the NON union companies. Workers are paid a competitive wage and are actually expected to do their jobs. Most of those folks are happy to have them and the increased loyalty to the company means more efficiency. More efficiency means less overhead and better sales. In a nutshell that is why the Big Three are getting killed in the marketplace. Filing bankruptcy does not mean going out of business. It means an opportunity to restructure the business model and stay competitive. What the libs in Congress are looking to do is a giant taxpayer funded handout to the UAW as payback for their help during the election. It's really that simple.


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redeye, i understand what you are saying.. our steel industry (actually superalloys for us) is a profit sharing company... the better the company does the more money the employees see in there pockets 4 times a year... we are talking a few thousand dollars each time too.. our wages are on par with the auto industry too as far as union wages go. yet we still have union employees sabataging equipment so they can sleep through there shifts... heats and orders being killed bc an employee was made to work over the night before and he felt he needed to let them know he was mad. this stuff goes on every month for us..
and a matter of fact we were just sitting here laughing about the automakers this week and how the politicians are wanting them to go through chapter 11... sit back and watch bc the reason they want this is bc it will send the automakers pensions to companies like the pbgc and guess what... there retirements will be NO-MORE... ours were taken from us almost 5 years ago through bankruptcy... the guys that were looking to retire when this happened were told there monthly retirement check now would be about 500 a month... (are you kidding me) when it should of been more then 2500 a month if it wasnt taken.
my father was one of them.. with almost 28 years in he had over half a million invested in his retirement alone as a salary employee in the company gone in a second by the decision of a lexington judge... special metals had taken every cent the employees had invested in their retirements and had never put a dime in it since purchasing the company. they bought it to do just that and the courts let them do it.

funny thing is these same judges had to vote on losing their retirement benefits too about a year later.. guess which way they voted... (hint) they still have their retirements... funny how corrupt our court system is and will always be..

but you can mark my words.. if the gov does not bail out the automakers and they force them into chapter 11. these hard working men/women will not have a retirment to fall back on at all which is what the companies(they dont want to have to pay into anymore) and the politicians are wanting to happen.

they mentioned that for every person employeed that the automakers are paying like 40 bucks for retirement for.. how many employees make up the auto industry.. calculated that is a staggereing number... i guarantee the big three would breathe a nice sie of relief if they were told they didnt have to pay into that anymore huh...

once again.. this whole ordeal is going to be a lose/lose for the working class.. bc they are going to reaching for there ankles once again..
 
I hear what your saying nighgtwatchman .... but you also have to consider the average worker with no union ..... Our public scetor unions are crying that they are under funded, and need tax payer assistance .... YET what are they going to give me when I Retire ..... NOTHING! /ubbthreads/images/graemlins/crazy.gif

Despite that, they think our tax dollars should pay for their retirement...... think again! /ubbthreads/images/graemlins/smiliesmack.gif /ubbthreads/images/graemlins/crazy.gif
 
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