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Reply #6: What I love is their weak excuse that they've done this to protect their pensioners....
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Barack_America
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Thu Apr-30-09 02:32 PM
Response to Reply #5 |
6. What I love is their weak excuse that they've done this to protect their pensioners.... |
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...saying that writing off this much debt would be a disservice to them.
Except, if they invested pensions heavily in the volatile auto industry, wasn't that the true disservice?
And have they forgotten the number of jobs that will be lost in this country if the auto industry disappears? I would think that their customers would much rather take a 1-5% hit on their pensions than lose their jobs (and probably their pensions too).
Idiots.
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