On Nov 13, 2:20=A0am, Michael Coburn <mik...@[EMAIL PROTECTED]
> wrote:
> On Wed, 12 Nov 2008 20:45:55 -0800, Mason C wrote:
> > On Thu, 13 Nov 2008 04:05:09 GMT, "RussellT"
<RussellDTur...@[EMAIL PROTECTED]
>
> > wrote:
>
> >>"Mason C" <masonc...@[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. =A0 Under new and
compete=
nt
> >>> management supervised by a court.
>
> >>> The bankruptcy laws are there for a purpose. =A0Use them.
>
> >>How will they dump the unions, and excessive cost of sup****ting
> >>retirees?
>
> > Stieglitz mentioned the pension problem. =A0In bankruptcy this would
ne=
ed
> > to by covered by ERISA - Employees Retirement Income Security Act.
>
> > The unions have long since become ineffective. =A0The threat of moving
=
the
> > plant overseas has been an adequate blackmail. =A0This is one of the
> > factors in the non-growth of wage income in the U.S. =A0A
strengthening=
of
> > the labor laws is necessary, both to enable unionization and to make
th=
e
> > unions honest.
>
> Only a national union will be effective. =A0The union(s) must go around
t=
he
> employers and take their case to government. =A0It is done by being
quite
> firm with the Congress. =A0We the productive people will throw your ass
i=
n
> the street unless we get some real action of health care and the like.
Groan....a national union? The last thing we need is more
nationalization and govt control of anything.
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