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"TruthSeeker" <TruthSee...@nospam.us> wrote in message 
news:kcqdnc3kv9ZMTifSnZ2dnUVZ_vadnZ2d@giganews.com...
> On 5/21/12 4:49 PM, Pepe Papon wrote:
>> On Mon, 21 May 2012 09:49:15 -0500, "Mossingen" <jhanki...@cox.net>
>> wrote:
>
>>> Even
>>> 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.

Jim