What’s angered me the MOST with GM in the past decade is them “crying” about how they spend way too much money on pension and pension health care. Well 10 years ago they had the money to shore up this problem. If they did then WE (the US government) NEVER (Well Maybe) would have had to bail them out. Instead they go on this advertising campaign about how the Auto Worker is over paid and it’s mainly because of the enormous amount of money they pay retired employees.
Well GM…Now you have the Money to take care of this problem. Last report I read in the WSJ they only needed 1.2 Billion to secure the pension plan. It’s probably closer to 2-3 Billion now. But in the long run this is the best financially thing they could do.