Posted by slim on March 31, 2009 at 12:34:22 from (155.76.119.253):
In Reply to: Simple Solution posted by Buzzman72 on March 31, 2009 at 10:51:23:
Buzzman, serious question here.
If the retirees don't take cuts and the car manufacturers go bankrupt, the retirees get nothing. If they take a cut in benefits, the manufacturers may stay in business.
Here's the question. This is bad how? The retirees can have something or nothing. That's not a hard choice if you ask me.
Sure they worked hard all their lives for the benefit. But it's the same as working hard for the money you put into your 401k. If you invest it in the wrong stock you're screwed. The retirees may have invested their lives in the wrong company.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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