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Re: GM deeper into junk status
The UAW doesn't believe these reports, they believe that all of the financial ratings agencies are in bed with GM, and that this is "smoke and mirrors" designed to break Organized Labor.
The Union deserves big raises and lifetime healthcare and employment guarantees, its the American way.
I hereby suspend the laws of economics, GM can run a deficit forever, the shareholders won't mind, buy back Delphi to complete the sweep.
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