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Stephen Sprunk (Visitor)
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european health care OT Re: Health care  
Some of the pension systems had preferred stock and were bumped to the back of the line.   They would have been en_title_d to more if GM didn't get the bailout and later went under.  As it was, they were screwed. If GM didn't have to pay for its employees' health care (as its foreign competitors don't), it wouldn't have had the problem. Mercedes, Toyota, Honda, etc. have auto plants in the US and they pay for those employees' health care, just like the Big Three. The problem GM, Ford, and Chrysler face is paying for _retirees'_ health care, which was a deal made with the unions back before the foreign competitors showed up _and_ before 2/3rds of the current workers were laid off.  That cost, at least, has been pushed off to the UAW
 
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european health care OT Re: Health care
Stephen Sprunk 2009/09/09 04:12
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