smkettner wrote:Come from? Maybe skip the funding of the union trust fund?
So let's say you have borrowed a gallon a gas from your neighbor. One day you're driving down the highway and low and behold you run out of gas. While you're waiting on the side of the road someone comes along. You say, "hey could you help me out, I need some gas to get home". And his reply is, "well if you would simply not pay your neighbor back the gallon of gas you owe him you would have a gallon of gas to get home". And they live happily ever after...
I don't see the connection. However if you promise people a lifetime of gasoline (union retiree healthcare, pensions etc.) along with maxing out your current monthly costs (union wages, benefits) and pay yourself handsomely with the good life(excutive salaries and benefits) then suddenly the business turns down a little (recession) maybe you can't make good on all your promises of lifetime benefits etc etc. So what happens is the BK court makes the tough management decisions for you by saying no to all the goodies you promised. Well unless the government is willing to step in and pay everyone off and accept a risky equity position. GM should have been in BK one or two years before they actually filed but with bailout mania started by Bush and his war cronies there was opportunity to extract money from the government and the union and GM management were able to get away with it.
1 bar lost at 21,451 miles, 16 months.
2 bar lost at 35,339 miles, 25 months.
LEAF traded at 45,400 miles for a RAV4-EV
RAV4 traded in for I-Pace Dec 2018