Originally Posted by
z415
Someone mentioned people losing jobs as a fact of nature. A Bearn Stearns financial planner losing his job is in a better position than a UAW employee losing his job due to both higher income/savings and a better opportunity to find a better job.
And both are a lot better off than the average worker, who earns a fraction of a UAW worker's hourly wage, who does not have a "jobs bank" that essentially pays laid-off workers their full salary (plus benefits) for up to two years, who does not have a pension, and who may very well not have employer-paid health insurance. I understand the desire not to have the UAW line worker pay a price when the executives who are primarily responsible for the situation are still rollin' in it, but the executives won't pay the price of the bailout -- the American taxpayers will. And who are the American taxpayers? It's those very same workers who are a lot less well off than the UAW workers. A bailout forces workers with no pensions to pay for the pensions of others. How can you claim that that's justice? And how can you claim that it's necessary? So the UAW worker can't survive without a pension -- just how are all the rest of us supposed to survive without a pension, then?