Replies to post #137126 on ajtj99's Market Pulse

[Gizmo]

They need,(UAW), to recognize the realities of their situation and take a leading role in helping to make their employers viable. A restructure of labor costs will happen, either through willing cooperation or w/o their control through chaper 11.

I think chaper 11 is better for car companies as those legacy costs will be null and void (I think?).

[jdaasoc]

Hey my mother in law gets $1,000 a month payout as a widow of GM worker. Father in law lived modestly and saved from the wages he made from 32 years on the job so he was able to invest wisely. So even if GM pulls the survivors pension and medical benefits, she will not have to sell house, eat cat food or god forbid move in with us.

Republican Senators shameless Union bashing going to bite them in the ass making passage of Employee Free Choice Act much easier and more probable event. Foreign based auto workers will eventually become Union workers as they face the pain form layoffs resulting from the fiscal market collapse.