On Thu, 13 Nov 2008 03:17:49 -0800, Geo wrote:
> On Nov 13, 2:20 am, 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. 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.
>
> Groan....a national union? The last thing we need is more
> nationalization and govt control of anything.
Just keep it up, moron. A joining together of unions is not a
"nationalization" by government or of government.
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