I bet it doesn't include UNION GIVEBACKS.
************************************************* Join the OBAMA RESISTANCE MOVEMENT! http://www.cafepress.com/rightwingmike/6181419 --- On Mon, 3/30/09, Bob Calco <[email protected]> wrote: > From: Bob Calco <[email protected]> > Subject: RE: [OT] Wall St. tells the world they don't like GM overseeing > To: "'ProFox Email List'" <[email protected]> > Date: Monday, March 30, 2009, 4:42 PM > > The auto industry is too > important to the USA security and economy to > > allow it to go through the normal channels of a > chapter 11 > > reorganization. That would be a long, drawn out > process with no > > guarantees about what might eventually emerge, if > anything. > > http://online.wsj.com/article/SB123841609048669495.html > > - - - > WASHINGTON- The Obama's administration's leading plan to > fix General Motors > Corp. and Chrysler LLC would use bankruptcy filings to > purge the ailing > companies of their biggest problems, including bondholder > debt and retiree > health-care costs, according to people familiar with the > matter. > - - - > > > > > > It's much better that the auto industry be reshaped > with the fully > > faith > > and credit of the government. > > What faith? > > What credit? > > > The American people are much more likely > > to continue to patronizing GM, > > Read the article. The issue is the UAW contracts that have > bankrupted the > "bad GM". Without those it wouldn't need a government > bailout (not that it > should take one in any case) or bankruptcy. > > Obama's labor policies will ensure every industry is > bankrupted by union > contracts, and forced into federal ownership. Henceforth GM > shall stand for > Government Motors. > > Cloward-Piven Strategy 101. > > > knowing that the USA government has full > > faith in GM's eventual success, as well as a > substantial investment at > > risk. > > The government is using trillions of dollars of monopoly > money to bribe US > private industry into a suicide pact. > > So far a lot of them have chugged the Koolaid, hoping to > save their jobs. > Others will be force fed. It's sad to watch. > > - Bob > > > > > Regards, > > > > LelandJ > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: http://leafe.com/mailman/listinfo/profox > OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[email protected] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. > _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
