> On 5/21/12 4:49 PM, Pepe Papon wrote:
>> On Mon, 21 May 2012 09:49:15 -0500, "Mossingen" <jhanki...@cox.net>
>>> fiscal conservatives like mo charles did not object to the massive >>> spending,
>>> at least to the extent that it bailed out the investment banks and saved
>>> everyone's retirement accounts. What about GM? Let it collapse?
>> That's what Mitt Romney would have done, although he's now trying to
>> take credit for not letting it collapse. Romnesia!
> False claim. What Romney proposed was what should have been done, a
> normal court Chapter Eleven proceeding where the company reorganizes and
> stays in business. But that would have cost the unions some of their
> perks. Obama had the government do the bailout to protect the unions,
> and make sure that the while stockholders and bondholders lost the
> unions did not.
What a shame the results of management's poor decisions weren't written off against labor.