Union-Busters Want GM to File for Bankruptcy

Posted by Jane Hamsher, Firedoglake at 7:31 AM on November 13, 2008.

Let's call a horse a horse folks.

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Let's call it what it is:

[N]ot everyone agrees that a Chapter 11 filing by G.M. would be the disaster that many fear. Some experts note that while bankruptcy would be painful, it may be preferable to a government bailout that may only delay, at considerable cost, the wrenching but necessary steps G.M. needs to take to become a stronger, leaner company.

Although G.M.'s labor contracts would be at risk of termination in a bankruptcy, setting up a potential confrontation with its unions, the company says its pension obligations are largely financed for its 479,000 retirees and their spouses.

This is about union busting, pure and simple.

No mention made about Rick Wagoner giving back the $2.2 million salary he pulled down in 2008 for driving GM into the ground.

Tagged as: general motors

Jane Hamsher is the founder of FireDogLake. Her work has also appeared on the Huffington Post, Alternet and The American Prospect.

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Freeze It Seize it and hang them for Treason [Report this comment] Posted by: Purple Girl on Nov 13, 2008 8:06 AM Current rating: 5 [1 = poor; 5 = excellent] 30 YEARS these SOB's have been intentionally fucking US! Between the Oil industry and the Auto Industry Alone Miles of Noose should be set up and ready to go. Add in the Banking & investment/WallStreeters and we could span the Country from East to West with Dangling feet. Bu tbe sure the knots fail to break their Necks- let them dangle! This has not been an acciddent, it has been a well calculated attempt to undermine American Workers, thus the American Economy and Global Influence, Just so their profit margins, Bonus' and Golden parachutes would grow expotentially every year! This has Been a Treasonous Conspiracy for Decades.. and they should pay (and suffer) for their Betrayal! [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

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