Auto Bailout

Someone needs to clarify the term SHAREHOLDERS. I do not think that that means only stock holders.
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One of if not the largest problem for the auto makers is the Auto Union. Getting paid 90+% of your wage during a lay off - get real. Glad to see the Auto Bank (sic) is suspended is a good move for today. But it has to go. All the Auto Union persons should by insurance, like Aflac.

Is there another industry that has such an unfair benefit.......Think people you are paying their wages/salary in the price of a car and when you add all the benefits that comes close to $70.00 per hour or a one week layoff costs $2,800.00; The month off well just a truffle more $12,040. [TWELVE THOUSAND AND FORTY DOLLARS] per month per person who is part of the union. Just think of that cost burden.


Those of you in management you would not have a job if you wrote a Purchase Order for that at your firm would you??

Additional information can be found in this article:

http://www.nytimes.com/2008/12/20/business/20assess.html?partner=rss&emc=rss