The Bailout Blues: Should The Feds Have Mandated UAW Wage Cuts?

Former car czar Steve Rattner said Thursday the Obama administration's Auto Task Force should have forced all the stakeholders, including the United Auto Workers, to sacrifice more as a condition of the federal government's bailout of General Motors Co. and Chrysler Group LLC.

He also said GM needs to do more to convince Wall Street that it is back on the path to sustained profitability.

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internationalmanofmystery - 12/16/2011 10:52:17 AM

+1 Boost

Hey, Stevie! Can you clarify this, PLEASE! You were the Car Czar and this was YOUR baby AND you say:

"...WE asked all the stakeholders to make very significant sacrifices"

"...WE should have asked the UAW to do a bit more. WE did not ask any UAW member to take a cut in their pay."

Okay, okay, I follow you! (sarcasm)

So, if you DID ask the UAW...? Hmmm!

But, I HAVE to ask! Are WE supposed to listen to YOU now because you are writing a BOOK and is the only reason your lips are still moving?????

truckman - 12/18/2011 12:48:53 AM

+1 Boost

I say the ceo tales a huge pay cut, how about the ceo make 2x as much as the average worker? or is that too much? Imagine the savings the company would make, the shareholders profits would go way up!

truckman - 12/20/2011 2:39:21 AM

+1 Boost

In Japan the pay difference between workers and CEO's is 15/1, Canada is 20/1, in America it is 400/1, can anyone see where the problem is? Yea those workers make way too much and have to be cut! can you see that I am being sarcastic?