Retirement fund is part of the paycheck, part of what you work for.
All good things seem to topple over in time - land prices, crop prices, retirement funds, housing bubbles.....
I think back when our ecconomy was cooking along real good & everyone was living high off the hog & spending more money than they were making....
And GM had year after year of BIG loses in those conditions..... The other 2 weren't any better.
I think a red light would be going off in a person's head if you are an auto worker, not dreaming where to spend the big checks in the years ahead.....
Kinda like when wheat prices go up to $20 a bushel...... Something is wrong, something bad is going to happen.
It really shouldn't be a surprise that things are going to get in a bind, and people are going to lose money they had planned on collecting.
That was kinda obvious 3 years ago for auto workers?
Just ask any farmer with a Verasun or Pilgram's Pride corn contract.......
Life makes lemons a lot of times, and if you are careful, you can at least see it coming. Doesn't make you immune, but at least some prepared.
Maybe the unions shoulda helped you fellas out a few years ago, and if everyone woulda sat down and worked _together_ instead of trying to stick it to each other, then we would be someplace.
No one feels sorry for a farmer that got $20 wheat or $7 corn 6 months ago - even if we look at 2009 with under $3 corn but $1000 fertilizer that will crush us.....
Going to be the same for auto workers - you made big bucks & got big benefits..... It's gonna be hard to get the sympathy vote from others!
Just how it is, I got nothing for or against personally. I wish things woulda worked out for all, but it doesn't look good, and it seems workers, management, and unions came together to make things this bad - it's up to the 3 of you to sort it all out. A few billion here & there from the govt won't solve the underlying problems. Tyoyota & Honda & Kia & the others which have plants in the USA are not in the same bad deep troubles. The big 3, unions, and workers need to learn from that, and not look to the past. The future is all we got.
Just my opinion. Again, not that I have any axe to grind. If some folks made a killing in the past on their job, good for them.
Today, money is all gone, who you going to collect from? Can't get it from Verasun, can't get it from GM. Nothing there to squeeze any more. What do you want????? It shouldn't be that way, Verasun should pay their contracts, auto workers should get the retirement they were promised, dad shoulda got the coop payment he was due in 1984....
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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