See: http://online.wsj.com/article/SB122969367595121563.html
The ineptitude of journalists reporting on law is exceeded only by their misadventures with science news.
Let's get one thing straight right away about this auto bailout: it is not yet in effect, and won't be until the Unions agree to it. And they won't.
See: http://www.treas.gov/press/releases/reports/chrysler%20final%20term%20&%20appendix.pdf
The bailout money will come when the auto companies come back with the unions' blessing to cut pay, cut unemployment packages, and convert cash contributions for benefit plans into stock holdings.
The UAW gets it: http://www.uaw.org/auto/12_19_08auto1.cfm
The ineptitude of journalists reporting on law is exceeded only by their misadventures with science news.
Let's get one thing straight right away about this auto bailout: it is not yet in effect, and won't be until the Unions agree to it. And they won't.
See: http://www.treas.gov/press/releases/reports/chrysler%20final%20term%20&%20appendix.pdf
The bailout money will come when the auto companies come back with the unions' blessing to cut pay, cut unemployment packages, and convert cash contributions for benefit plans into stock holdings.
The UAW gets it: http://www.uaw.org/auto/12_19_08auto1.cfm
On the other hand, the auto companies have to sell their corporate jets! That just cracks me up!
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