English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Major corporations are bailing out of their retirements and piling them on the PBGC (Pension Benefit Guarantee Corporation). Example: United Airrlines mechanics retired and the Company went into Bankruptcy and dumped the retirement. Mechanics retirements were cut up to 750.00 per month. How will Republicans defend the average working American from such abuses which are now becoming more vogue kin the corporate mindset.

2006-10-03 14:35:59 · 4 answers · asked by Britton J 2 in Politics & Government Elections

4 answers

By providing an environment where the company can thrive and thus stay in business. If a company fails, and has to file for bankruptcy it has no funds to pay its stockholders or pensions. Now this may require some equitable pay for some union jobs that are not worth their paycheck (a pay cut) but if the company thrives it can pay it's debts.
For example, now that we've recovered from effects of the Clinton/Gore Recesson and 911, the DOW is up and companies are thriving again. The PBGC is receiving fewer requests than they were in the aftermath of the CGR.

2006-10-03 14:43:04 · answer #1 · answered by Club U 1 · 0 1

Club U is an A**!!!! Things were never better then they were under the Clinton administration and anyone with half a brain knows that as well ("Sorry" Club U). The Republicans only care about themselves, the very rich, and big corporations. So: until 2008 when a Democrat is elected (provided there's no election stealing AGAIN) this will not happen.

2006-10-07 18:57:36 · answer #2 · answered by PROUDJEW 4 · 0 0

A better question would be how will the American citizens ensure this is done. If you rely on the government or any party to take care of you failure and disappointment will follow. The problem with our current state of affairs is so many citizens have been lulled into believing the nanny state will take care of them. Wake up Big Brother cannot do any thing as efficiently as individuals can do for themselves.

2006-10-04 11:27:56 · answer #3 · answered by FastFred Ruddock 2 · 0 0

That will never happen and the plans are getting thinner and thinner as we speak.

2006-10-03 22:13:40 · answer #4 · answered by Reba K 6 · 1 0

fedest.com, questions and answers