UAW says it has tentative contract with GM

/article/20090521/ANA02/905219986

Pamelaj831: I agree that there is no way anyone can make a living and support themselves, let alone an entire family by making 6 or 7 dollars per hour.

However, as someone who 5 years ago invested in GM bonds, which was considered a solid investment towards my retirement funds, I feel it is grossly unfair to be asked to give up 90% of my value.

Although it is not entirely the fault of the UAW, I don't see them giving up 90% of their wages, benefits, or VEBA, nor would I expect them to.

The biggest long-term problem this will cause is that nobody in their right mind will invest dime one into GM (or Chrysler) without 100% Government backing.

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