Another Commencement Address

samhill wrote:Nobody but the top management gave the unions the contracts & along with it their own bonuses, they could have easily said no. In the early years unions could shut a company down for the most part but that was many decades ago, for a long time now only one plant of one of the big three could be picketed & the company choose what plant. Just like with the Gov. when everything is going well they could care less, just pass the costs on & the dumb loyal consumer would pay.

And now you are cheering for the same thing out of Big Government.

Bail out everyone and pass it on to the dumb taxpayer.

Not at all Jpete, don't try & put words in my mouth I'm simply stating how it is, just like most things there are always more sides to a story. Whose fault is it that pensions & such are not properly funded, it's on the Co. side that determines that but I guess the union has some input but they don't get to see the books. I'm in the Carnegie Pension Fund & it was set up back when Andrew was running it & nobody can fool around with it much. Years ago they were in the beginnings of what would be a hostile takeover by some Brit that was doing a lot of them (kind of like an early less sophisticated Bain)but as soon as he found out the pension plan was a separate entity he quit. So finally 2 or 3 contracts ago USS got to freeze the plan & no new hires would get into & instead be in a Co. controlled plan, IMO those people will all get screwed.