On Thu, 13 Nov 2008 04:05:09 GMT, "RussellT" <RussellDTurner@[EMAIL PROTECTED]
>
wrote:
>"Mason C" <masoncXXX@[EMAIL PROTECTED]
> wrote in message
>news:j9fmh4lu0a210cbnvth8d5e6fvdg47ct3o@[EMAIL PROTECTED]
>> Joseph Stieglitz, a *good* economist, suggests that GM be allowed to
make
>> use of the bankruptcy laws.
>>
>> Bankruptcy need not mean shutting down.
>> It can simply be re-organization under Chapter 11.
>>
>> General Motors badly needs re-organization. Under new and competent
>> management supervised by a court.
>>
>> The bankruptcy laws are there for a purpose. Use them.
>
>
>How will they dump the unions, and excessive cost of sup****ting retirees?
>
Stieglitz mentioned the pension problem. In bankruptcy this would need to
by covered by ERISA - Employees Retirement Income Security Act.
The unions have long since become ineffective. The threat of moving
the plant overseas has been an adequate blackmail. This is one of the
factors in the non-growth of wage income in the U.S. A strengthening of
the labor laws is necessary, both to enable unionization and to make
the unions honest.
Mason Clark
*Greater America in the Age of Rebellion*
http://frontal-lobe.info/greateramerica.html
-- many excerpts you can see --
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