Just what creditors were ahead of the people that worked for them for years and G.M. and the other auto cos. took the money those workers put into their retirment and health fund to stay afloat.<quoted text>
Exactly what I said - the deal made with the UAW you describe screwed other creditors who stood AHEAD of the UAW.
The Obama bailout of GM was designed to subvert the normal operation of US bankruptcy laws, to jump his political friends and conies ahead of other GM creditors in feasting on taxpayer bailout money.
This is stone FACT - only a partisan hack thinking he had an audience of credulous fools would even try to spin it any other way.
And yes the UAW workers do pay into their retirement and medical funds.
Yes look it up the auto co.s took money from the UAW retirement fund and used it to keep running in hard times and had to do something to pay it back because the UAW workers were the FIRST in line not last.
I thought you said they had to have 10 years of retirement funds 100% funded?
Were you talking out your back side then or now.
On this subject YOU have no idea what you are talking about.
Have a nice night