On Wed, 12 Nov 2008 20:45:55 -0800, Mason C wrote:
> 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.
Only a national union will be effective. The union(s) must go around the
employers and take their case to government. It is done by being quite
firm with the Congress. We the productive people will throw your ass in
the street unless we get some real action of health care and the like.
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