Autopia.org - View Single Post - Should the government bail-out include domestic automakers?

dave40co · 11-21-08, 10:23

If the auto companies want to build support for the loans then they should start issuing press releases of things they are doing to cut costs. It worked for Iaccoca.

I am against the bailout. I lived through the UAL bankruptcy as an employee. Amazingly people people still flew United. The employees lost the most. Exec's still received bonuses and golden parachutes. They still managed to find a way to get rid of many 15+ year union employees including myself. I kept my pension but at a half rate since the Gov. took it over. 20 years with the company and thats what I got.

It will be tough for many folks but they will survive as I have.

11-21-08, 10:23	#199 (permalink)
dave40co Registered User dave40co is offline Join Date: Apr 2007 Location: Oceanside, Ca. Posts: 288	Re: Should the government bail-out include domestic automakers? If the auto companies want to build support for the loans then they should start issuing press releases of things they are doing to cut costs. It worked for Iaccoca. I am against the bailout. I lived through the UAL bankruptcy as an employee. Amazingly people people still flew United. The employees lost the most. Exec's still received bonuses and golden parachutes. They still managed to find a way to get rid of many 15+ year union employees including myself. I kept my pension but at a half rate since the Gov. took it over. 20 years with the company and thats what I got. It will be tough for many folks but they will survive as I have.