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December 3, 2008 at 9:01 am
With the UAW paying full benefits to people who retire at young ages, the Big 3 are bound to fail. They won’t be able to compete with other auto makers, who will bring in hybrids & the like at lower costs.
Granted, the management has also led to the failure. I don’t think money for total benefits going to 55 year old retirees, or grossly overpaid management should come from the taxes of the people who are still working at 65 in order to live.