Comments on: US Senate fails to agree on car bail-out http://blog.autopeople.com.au/2008/12/us-senate-fails-to-agree-on-car-bail-out/ Everything Auto - Jobs News Careers Fun and Competitions Sat, 31 Jul 2010 15:58:02 +0000 http://wordpress.org/?v=2.6.2 By: Bill http://blog.autopeople.com.au/2008/12/us-senate-fails-to-agree-on-car-bail-out/#comment-234 Bill Sun, 21 Dec 2008 22:54:48 +0000 http://blog.autopeople.com.au/?p=522#comment-234 It seems no US Goverment has an apetite to go down in history as the one that was on watch when 250,000 Auto workers lost there jobs. With an ailing US economy the notion of what is economically sustainable is quickly overwhelmed by what is politically sustainable. If the Government relents it will be the first time in US history that any Government has propped up private industry in such a manner. A precedent that will surely create far greater pain in the long run... It seems no US Goverment has an apetite to go down in history as the one that was on watch when 250,000 Auto workers lost there jobs. With an ailing US economy the notion of what is economically sustainable is quickly overwhelmed by what is politically sustainable.

If the Government relents it will be the first time in US history that any Government has propped up private industry in such a manner. A precedent that will surely create far greater pain in the long run…

]]> By: Jason http://blog.autopeople.com.au/2008/12/us-senate-fails-to-agree-on-car-bail-out/#comment-220 Jason Fri, 12 Dec 2008 18:03:53 +0000 http://blog.autopeople.com.au/?p=522#comment-220 General Motors had offered buyouts to all of its 74,000 U.S. hourly employees. [5] Those workers could have elected to take a lump-sum payment of $45,000 or $62,500, depending on their job description, and retire with full benefits. [6] Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts - but not until 2011. http://nomedals.blogspot.com is were citations are posted General Motors had offered buyouts to all of its 74,000 U.S. hourly employees. [5] Those workers could have elected to take a lump-sum payment of $45,000 or $62,500, depending on their job description, and retire with full benefits. [6]

Republican Sen. George V. Voinovich of Ohio, a strong bailout supporter, said the UAW was willing to make the cuts - but not until 2011.

http://nomedals.blogspot.com
is were citations are posted

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