Quote:
Originally posted by sebastian_dangerfield
Fed bailout of pension obligations for nickles on the dollar in 2010. It's inevitable.
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Well, that may be inevitable, but that's not what these negotiations are about. GM has a huge problem with retiree health. Its this multi-billion dollar monster that's currently killing them. The GM pension is (I believe) actually overfunded.
Of course, this could all be posturing by the UAW. There very well could be a deal, but one that won't be easy to sell to the members. Thus the strike (likely a very short one) is simply put on to show the members that the union is really fighting for them!
aV
