dalzilla
Dormant account
- Joined
- Aug 17, 2001
- Location
- Known center of universe-Texas!
Morning rant...short because heading to work.
Looks like we (US gov on behalf of taxpayers) are going to dump more money into AIG with more favorable terms (longer to pay off; 5 instead of 2 years, lower interest rate, take more shares of stock in exchange). So obviously the first go-round was not very well thought out or they wouldn't have to go back to the drawing board. (Still fuming at the AIG execs/members who went on a $400K "retreat" to relieve the "stress". Shoot, I'd do a $400 retreat happily). Reason still is can't afford to let the US largest re-insurer afford to fail yadda, yadda, yadda.
Automakers: Big 3 asking for $x billion each. Fill in the blank for the x because I've heard way too many numbers to know which one is right. If they fail, trickle down theory going to affect many people. That I can support. What I am having trouble with is the would/will this bailout to automakers go to support the life-time health care/pensions for older workers? How about newer workers? What's the unions take on this?
I for one would LOVE guaranteed medical coverage when I retire. Reality: "aint' gonna happen". Pensions: gone way of the dinosaurs. What I have to look at when I retire is what's my 401K worth, what is the pittance I'm going to get from SS, if anything at all, how the HELL am I going to pay for any medical catastrophe, etc.
Just not really very sympathetic to the auto industry and not supportive of the unions.
If you wish, talk amongst yourselves
Looks like we (US gov on behalf of taxpayers) are going to dump more money into AIG with more favorable terms (longer to pay off; 5 instead of 2 years, lower interest rate, take more shares of stock in exchange). So obviously the first go-round was not very well thought out or they wouldn't have to go back to the drawing board. (Still fuming at the AIG execs/members who went on a $400K "retreat" to relieve the "stress". Shoot, I'd do a $400 retreat happily). Reason still is can't afford to let the US largest re-insurer afford to fail yadda, yadda, yadda.
Automakers: Big 3 asking for $x billion each. Fill in the blank for the x because I've heard way too many numbers to know which one is right. If they fail, trickle down theory going to affect many people. That I can support. What I am having trouble with is the would/will this bailout to automakers go to support the life-time health care/pensions for older workers? How about newer workers? What's the unions take on this?
I for one would LOVE guaranteed medical coverage when I retire. Reality: "aint' gonna happen". Pensions: gone way of the dinosaurs. What I have to look at when I retire is what's my 401K worth, what is the pittance I'm going to get from SS, if anything at all, how the HELL am I going to pay for any medical catastrophe, etc.
Just not really very sympathetic to the auto industry and not supportive of the unions.
If you wish, talk amongst yourselves