Matt Osborn

You're missing my point. United Airlines dumped their responsibility
for their union contract benefits upon the general public. The
airline management gets to keep their cash cow and the unions get to
keep a portion of their benefits at our expense.

Northwest Airlines is now doing the same thing with a twist. They are
actually trying to dump the union benefits entirely. If the unions
refuse to allow this, then Northwest will dump the union contracts
upon the general public.

Delphi is about to follow the airline lead in these matters. They
will dump the union contracts upon the general public and will keep
their cash cow. After Delphi goes, so will Ford, Chrysler and GM.
Their simply isn't enough money to make good on the commitments.

Our government is complicit in this fraud and acts to sustain this
corrupt and broken system by allowing these organizations to abandon
their obligations and yet maintain their companies.

What ought to happen is that the companies should be liquidated and
the proceeds split up amongst the parties with valid claims
proportionately.

In this way, the management loses their cash cows, investors lose
their investment and the unions lose their excessive benefit packages.
This is the only way to stop these practices.

Both management and unions wanted (and took) as much money as they
could from their companies. Unions always went after one company in a
particular industry at a time. Give us what we want or we'll shut you
down and the other companies will eat your lunch, was the threat. Once
one company fell in line, they would move to next and say, see what
they gave us, you do the same or we'll shut you down.

With the assistance of our government, these same organizations,
management and unions alike, are now attempting to take as much money
as they can from the rest of us.

In no case am I (or you) responsible for picking up the tab. This is
plain theft. The management and unions together, ruined their
companies. Let them both pay the price for their greed.

On Sun, 11 Dec 2005 08:28:04 -0500, philthy <dbrider@cac.net> wrote:

>well lets see if the guy miller who runs the company forgos his 1.5 mill.
>salary and fired all the 32 exec's who also made 1.5 mill base salary
>each and this is public record (court docs)
>the grand total; of those wages come to exactly what delphi filed for in
>bankruptcy court and you want to blame the worker and now those 32 are
>getting a 180 billion severance package i disagrre with you sir
>
>Matt, Osborn wrote:
>
>> On Sat, 10 Dec 2005 09:51:29 -0500, philthy <dbrider@cac.net> wrote:
>>
>> >no actually gm makes crap hey maybe thats why delphi is going down
>>
>> Delphi (and many airlines and other manufacturers) are going down
>> because management made deals with their unions for unsustainable
>> benefit packages.
>>
>> We now face the specter of our government subsidizing both. Not only
>> are these companies going to be let off the hook for their disastrous
>> union contracts, but we are actually going to pick up the tab for the
>> union members as well.
>>
>> As one who has provided for his own retirement, I find the above
>> appalling. If union members are to have a publicly financed
>> retirement aside from SSI, why shouldn't everyone else?
>>
>> -- msosborn at msosborn dot com



-- msosborn at msosborn dot com