To say that “Substandard & Porous” knows what they are doing, you would have to have lived under a rock for the last three years. http://fivethirtyeight.blogs.nytimes.com/2011/08/08/why-s-p-s-ratings-are-substandard-and-porous/
Scott, your comment is pretty funny too! She writes “like” five words down. Who cares about the crib notes. It’s the content that is inane. War with Iran?! She will do herself in way before 2012.
Well, Molly, since you asked–
GM et al are facing huge pension obligations from promises made to past workers. In the face of downsizing and costcutting, and in comparison to bleeep manufacturers, tey are faced with these legacy costs that are dragging them down. If they go under, the obligations are transferred to the PBGC. If too many companies go under, the PBGC goes under and the government is going to have to prop it up anyway. Maybe you are lucky and have a pension with a company that is doing well and expects to do well in the future. If you’re talking about a 401k, then you’re on your own–that’s the way it is set up. A lot of us are in that boat, unfortunately.
Let’s be honest—“bullying” is a euphemism. This is assault.