Friday, December 12, 2008

Bail outs?

"GM says its total hourly labor costs are now $69, including wages, pensions and health care for active workers, plus the pension and health care costs of more than 432,000 retirees and spouses. Toyota says its total costs are around $48."

$69 per hour? That's more than $140,000 per year.

There needs to be a limit on salaries paid by any bailed out entity until all 'loans' are repaid.

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