GM retirees facing cuts in pensions

GM retirees facing cuts in pensions

There are 840 comments on the www.ohio.com story from Apr 11, 2009, titled GM retirees facing cuts in pensions. In it, www.ohio.com reports that:

Den Black, a retired General Motors engineering executive, says he's worried and angry. The government-supported automaker is going bankrupt, he says, and he's sure some of his retirement pay will go down with it.

Join the discussion below, or Read more at www.ohio.com.

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jon

Ramsey, NJ

#1 Apr 11, 2009
never depend on no one. read.
Han

Chengdu, China

#2 Apr 11, 2009
This is a planned, controlled bankrupcy with the usual scoundrels involved; Wall Street, the Politicians and numerous powerful Unheardofs behind the Curtain.
glenn in Detroit

United States

#3 Apr 11, 2009
The auto companies have not been perfect, but have any of us been perfect? The auto industry did produce middle-class which is the staple of our country (home ownership). The auto companies have leveled the playing field for minorities (women, gays, blacks, Asians, Hispanics). The auto companies will come back strong because WE are in love with the automobile. The pensions that have been established for retirees must be left in place.
Guest

Enterprise, AL

#4 Apr 11, 2009
The retired people have earned these pensions no doubt, however who is going to furnish the money when GM goes under?
Seeking truth

Evansville, IN

#5 Apr 11, 2009
Rick Wagoner ($20+ MILLION) and Bob Nardelli ($210+ MILLION) don't have to worry. They broke the companies and made out like bandits, literally, and we taxpayers are "bailing them out." That leaves even less for us. It's SO wrong.
Seeking truth

Evansville, IN

#6 Apr 11, 2009
The pensions are contracts that should not be broken when people need them MOST and are MOST vulnerable. How low to screw the elderly!
Cause and effect

Powder Springs, GA

#7 Apr 11, 2009
glenn in Detroit wrote:
The auto companies have not been perfect, but have any of us been perfect? The auto industry did produce middle-class which is the staple of our country (home ownership). The auto companies have leveled the playing field for minorities (women, gays, blacks, Asians, Hispanics). The auto companies will come back strong because WE are in love with the automobile. The pensions that have been established for retirees must be left in place.
The auto companies broke themselves when they took a liberal bent and granted expensive same sex benefits to employees, cleaned up the environment to trade billions of dollars of profits for an excuse to advertise being green, and hired unqualified minorities in responsible positions even though they couldn't produce good results.
Ford deliberately hired minority parts suppliers and had to deal with cost over runs, poor quality product, and failure to deliver on time. When they finally got rid of that failed experiment their quality went up dramatically.
VoteVets org

Brooklyn, NY

#8 Apr 11, 2009
4 STAR MARINE GENERAL ANTHONY ZINNI WANTED TO BUY AN AMERICAN CAR UNTIL HE FOUND OUT MOST AMERICAN CARS ARE MADE IN MEXICO.

SO HE BOUGHT A HONDA BECAUSE THEY WERE MADE IN OHIO.

General Anthony Zinni - Keynote Speaker Video
http://www.generalzinni.com/zinni-video-2-8mb...

General Anthony Zinni - Keynote Speaker Video
http://www.generalzinni.com/zinni-video-10mb....

General Anthony Zinni
http://www.generalzinni.com/

==========

Who Killed the Electric Car? New Documentary Looks at the Mysterious Disappearance of the EV-1/ http://tinyurl.com/ysmbvn April 13th, 2007
General Motors has been at the center of one of the nation's largest controversies over clean emissions-cars. In 1996 the company introduced the EV-1 electric car in California and Arizona. Hundreds of the electric cars were soon on the road. Then they all disappeared. The mystery behind their disappearance is the subject of the documentary “Who Killed the Electric Car?” We’re joined by the film’s director Chris Paine, and Chelsea Sexton, a former GM employee who worked on the EV-1 electric car.
http://www.democracynow.org/article.pl...

GREASECAR VEGETABLE FUEL SYSTEMS
http://tinyurl.com/6th4e
http://www.greasecar.com

==========

THE GAS-GUZZLER LOBBY STOPS TIME
Is There a Model-T in Your Future?
http://tinyurl.com/yob53q
http://www.ww4report.com/node/4158

==========

GM Courts Talk Radio Hosts
by Ralph Nader August 11, 2007 http://tinyurl.com/2a45e3
Just when one guesses that the standards and practices of national talk radio could go no lower, General Motors comes along to show the way to new lows.
Automotive News (August 6, 2007), the leading trade journal for the industry, reports that GM is wooing the radio stars. Its article led with the headline:“Puff Piece. Rush Limbaugh is one of the radio personalities GM is working with to talk up its vehicles.”

What is surprising is that GM purportedly enlisted not only the expected suspects like Sean Hannity, Laura Ingraham and Bill O’Reilly but also Bill Press and Ed Schultz, know for their liberal views. Attempts to reach Press, Schultz and Hannity were unsuccessful. Surely, they will be explaining their relationship shortly.
http://www.commondreams.org/archive/2007/08/1...

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#10 Apr 11, 2009
Seeking truth wrote:
The pensions are contracts that should not be broken when people need them MOST and are MOST vulnerable. How low to screw the elderly!
They still get their pensions- now to be funded by the rest of us taxpayer, on top of the 13 billion given to the company so they wouldn't go bankrupt.....oh no wait, they ARE going bankrupt- so I guess that's even MORE money pissed away.

The only change is the retirees will be capped at $54,000/year. Oh what a hardship! How will they EVER get by, considering that's still MORE than the average worker makes in a year while WORKING FULL TIME.

Quit your bitching, if I had my way the taxpayers wouldn't fund a damn penny. Maybe if the workers hadn't sucked all the money out of GM with their contracts, the company wouldn't have gone bankrupt in the first place.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#11 Apr 11, 2009
Seeking truth wrote:
The pensions are contracts that should not be broken when people need them MOST and are MOST vulnerable. How low to screw the elderly!
The UAW had a contract with GM, not with the American taxpayer. If you don't like the decreased payment (again boo hoo it ONLY $54k) let's liquidate the company and see how much you get then!

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#12 Apr 11, 2009
glenn in Detroit wrote:
The auto companies have not been perfect, but have any of us been perfect? The auto industry did produce middle-class which is the staple of our country (home ownership). The auto companies have leveled the playing field for minorities (women, gays, blacks, Asians, Hispanics). The auto companies will come back strong because WE are in love with the automobile. The pensions that have been established for retirees must be left in place.
Why? What makes their pension do damn special? If you company goes bankrupt, your pension goes bye bye. Why should taxpayers fund your retirement when you worked for a private business?

If the US car companies DO come back, it will only be WITHOUT UAW workers; otherwise they will be back in the same financial mess within 10 years.
Ownership

Marietta, GA

#13 Apr 11, 2009
WeTheSheeple wrote:
<quoted text>
Why? What makes their pension do damn special? If you company goes bankrupt, your pension goes bye bye. Why should taxpayers fund your retirement when you worked for a private business?
If the US car companies DO come back, it will only be WITHOUT UAW workers; otherwise they will be back in the same financial mess within 10 years.
You're wrong about the bankruptcy comment. The UAW and the Republican Congress got legislation passed about 5 years ago that guarantees that retirees, not the companies, own their pensions. The UAW turned to the Republicans after the Democrats refused to take on the legislation, knowing that the UAW was in pocket to the Democrats already. The Republicans passed the legislation as a matter fairness to workers who had earned their own retirement.
Thank the news media for treating this as a non story at the time.
TASKMASTER

North Port, FL

#14 Apr 11, 2009
Obama will bail out the rich,crooks,incompetents,but not the guy who got promised this,and busted his ass all his life....Its Change all right.....and its the same old stuff!!
VoteVets org

Brooklyn, NY

#15 Apr 11, 2009
President Carter warned the Nation about oil in the Middle East and Reagan and Bush did nothing about it for the next 12 years.

The Energy Crisis Is Real 1979 Jimmy Carter
http://tinyurl.com/63g9ms


Stop Oil Speculation Now
http://www.stopoilspeculationnow.com/

Stop Oil Speculation Now Press Conference
http://www.stopoilspeculationnow.com/site/pag...

TEXAS REPUBLICAN SENATOR PHIL GRAMM & ENRON MANIPULATING OIL PRICES./ Michael Greenberger, Former Director, Commodities Future Trading Commission 1997-1999.
Michael Greenberger discusses the role of unregulated oil speculators on the buying and selling of oil futures. He says legislation passed in 2000 created an environment where oil speculators influence the current day price of oil and other crude products.
5/27/2008: WASHINGTON, DC: 28 min.
http://www.c-span.org/VideoArchives.asp...

Most if not all Bush Republican supporters are not conservatives. They are Neo-Cons who are apologist for the wealthiest top 1% percentile.

They have been thoroughly bamboozled for the last 30 years of rightwing propaganda and corrupt corporate mainstream media, which they believe is liberal!

Sincerely,
Leo Strauss
Halito

Las Vegas, NV

#16 Apr 11, 2009
government-supported automaker ...Which Government?
www

Hartford, CT

#17 Apr 11, 2009
Oh the poor retirees, how about the younger generation who in most cases aren't offered pensions oh and social security we're told will be dried up. So you say we must save on our own well that wouldn't be a problem exept we have to pay for the promises to previous generations none of wich we agreed to. Cost of liveing riseing faster then wages. Over priced houseing that has been correcting but the government can't have that so they will pile on more debt as a stimulous package to protect what? On top of that this debt is being dropped on our lap but who cares the people accrueing this debt will be long dead before it effects them. So should I have any sympathy for these people? Because I don't!
Seeking truth

Evansville, IN

#18 Apr 11, 2009
It's interesting how the neoCONS have the lower and middle working classes fighting against each other for the crumbs they discard. LOL

Dummies fall for such lame distractions.
bimbo carter

Marietta, GA

#19 Apr 11, 2009
VoteVets org wrote:
President Carter warned the Nation about oil in the Middle East and Reagan and Bush did nothing about it for the next 12 years.
carter sunk the country into the worst economic mess in modern history. His answer to the oil crisis was to wait in long lines at the gas pumps for the next shipment of gas which usually was a few days. carter supporters bought MoPeds and many of them got killed on the highway.
Reagan brought the country out of the recession by building the economy and that takes energy. 100 million new personal computers in America have created real growth in industry and business and made all of our lives better. Remember, carter told us to quit using electricity and that means computers too.
China has taken over world industrial production that the U.S. used to do before carter and the environmental dictators outlawed most industry in America with impossible pollution laws.
America had 25 years of growth and success due to Reagan's economic policies continued by Bush and Clinton and Bush. Our economic collapse since the Democrats took control of Congress two years ago is not due to an energy shortage but due to carter's forcing mortgage companies to grant home loans to unqualified people and clinton followed up with more foolish laws increasing that bubble.
As far as autos... gas mileage for American cars doubled AFTER carter left office but the U.S. gained 100 million new people and that takes energy including more cars on the road.
Chilled Out

United States

#20 Apr 11, 2009
GOOD! All those UAW workers are way way overpaid
to begin with and that is one of the main reasons for the failure of GM, etc!
VoteVets org

Brooklyn, NY

#21 Apr 11, 2009
bimbo carter wrote:
<quoted text>carter sunk the country into the worst economic mess in modern history. His answer to the oil crisis was to wait in long lines at the gas pumps for the next shipment of gas which usually was a few days. carter supporters bought MoPeds and many of them got killed on the highway.
Reagan brought the country out of the recession by building the economy and that takes energy. 100 million new personal computers in America have created real growth in industry and business and made all of our lives better. Remember, carter told us to quit using electricity and that means computers too.
China has taken over world industrial production that the U.S. used to do before carter and the environmental dictators outlawed most industry in America with impossible pollution laws.
America had 25 years of growth and success due to Reagan's economic policies continued by Bush and Clinton and Bush. Our economic collapse since the Democrats took control of Congress two years ago is not due to an energy shortage but due to carter's forcing mortgage companies to grant home loans to unqualified people and clinton followed up with more foolish laws increasing that bubble.
As far as autos... gas mileage for American cars doubled AFTER carter left office but the U.S. gained 100 million new people and that takes energy including more cars on the road.
Your clueless Rush Jr.

National Debt When Jimmy Carter arrived at the White House
Oct 13, 2008 / http://tinyurl.com/3l7rbx
$660 billion./
Added during Carter's four years:$337 billion.
Added during Ronald Reagan's eight years:$1.6 trillion.
Added during George H. W. Bush's four years:$1.6 trillion.
Added during Bill Clinton's eight years:$1.5 trillion.
Added during George W. Bush's seven years, nine months:$4.5 trillion.
Portion of the $9.5 trillion added to the national debt during the past 31 years and seven months that came during Republican presidencies:$7.7 trillion.
Percentage of that $7.7 trillion added during George W. Bush's two terms: 58%.
Could somebody explain again what "fiscal conservative" means

==========

Increases in the National Debt / http://tinyurl.com/cywk2h
http://3.bp.blogspot.com/_9jbG-c2Ned4/SYHmbGR...

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