GM Gets To Dump Its Polluted Sites

ParticleGirl writes with this excerpt from the Detroit Free Press: "GM's unusual, government-engineered bankruptcy allowed the Detroit automaker to emerge as a new company — and to shed billions in liabilities, including claims that governments had against GM for polluting. Environmental liabilities estimated at $530 million were left with the old GM, which has only $1.2 billion to wind down. Administrative fees and other claims will soak up that money, and state and local officials told the Free Press they fear the cleanups will be shortchanged. ... The New York Attorney General's Office, seeking to protect environmental claims for cleanup at Massena and other sites, argued that federal and state regulatory requirements should not be eliminated by a bankruptcy sale. ... But [US Bankruptcy Judge Robert Gerber] ruled otherwise."

Comments

Re:What do you want them to do?

[Brian Gordon]

Taking care of the environment costs more, not less.

Re:Sweet

[Ironsides]

Oh? Name one right a corporate entity has that is superior to that of a citizen?

Re:Sweet

[kestasjk]

And how is that a right? (Go ahead mods, mod me "Redundant" because you disagree as with the GP)

Re:Here is a Reason Why the Free Market Works Best

[Lost Engineer]

In this case unions drove the cost of labor so high that the business died. The investors got nothing and the union got to keep their pay for the most part. Why shouldn't I disparage them? They forced me through politics into a raw deal.

Re:Both GM and Chrysler were handle poorly

[sumdumass]

That was interesting. According to the NPR report, the average GM hourly cost was 31.35/hour while Toyota's was 27/hour (not surprising, GM's is older and more experienced). So, now we look at what the report shows as high; Health care costs. GM's is 1500 while Toyota's is 200 (both per car). So, is that REALLY, the health care costs of JUST THE UNION WORKERS?

You should learn about the costs of employment verses the average salary. They are not the same and yes, there is a hell of a lot more costs to employment then healthcare. There are pension programs, employment taxes, FICA contributions, unemployment insurance and tons of other costs.

You ignorance of the subject is past amusing at this point. Like I said, maybe you should start watching Fox News instead of relying on your incorrect understandings reports on NPR. Fox News attempts to dumb it down for people just like you.

The answer is NO. That is the TOTAL HEALTH CARE OF THE COMPANY (the executives, management, retires, and of course, the union workers), being divided up amongst JUST THE UNION WORKERS.

See above and take some business classes. This is pretty elementary stuff we are talking about here.

Now look. I realize that ppl like you LOVE to read and follow Faux news and almost certainly you just HATED thinking for yourself. It is hard for neo-cons to think intelligently (I love the part where you neo-cons bitch about the monster obama defict, but ignore the fact that 10 TRILLION DOLLARS of 12 TRILLION DEBT is owned by republicans). But the simply fact is, if you USE YOUR FUCKING BRAIN FOR JUST 30 SECONDS, you will realize that 1500/car did not even make sense. The average time to put together a small car at GM was 17 hours (and 19.5 at toyota for same class of car; Toyota is not as efficient). So, you were thinking that a person who put together about 2 cars / week was really paying 3000 PER WEEK for health care or 12,000 PER MONTH? SERIOUSLY? YOU REALLY HONESTLY THOUGHT THAT? COULD YOU NOT DO SOME SIMPLE FUCKING MATH? You just accepted FAUX NEWS' and rush's garbage?

Your just stepping in it deeper. IF you paid attention to the links I provided, you would have seen that both you were completely wrong as well as neither was from Fox News. BTW, you don't even have a valid reason to put Fox News down and if you cite what I think you are going to, you will be schooled on how wrong you are there too.

Now I'm going to ask you to use your fucking brain for at least once in your life. Learn about employment costs.

BTW, the 10 trillion of debt owned by republicans happened over 28 years with two wars in the last 7 years contributing to quite a bit of it. That's roughly 350 billon per year, Obama on the other hand has sank over a trillion in less then one year. Which do you think is worse, 2 trillion per year over 28 years or 250 billion a year over 28 years? Oh, and yes, here is your change to use that fucking brain of yours.

BTW, I'm not sure how you missed it, but I specifically told you that the extra costs were not just with health care in the last post. Why you are concentrating on it while ignoring every fucking thing else is beyond my comprehension. Perhaps you can explain why you are ignoring most of the information in order to press a point that is so fucking easily refuted? You must be some special kind of retard or something.

Re:Both GM and Chrysler were handle poorly

[mpeskett]

Furthermore, the word "they're" nor any of its homophones appear in your summary.

I think you meant to say "Furthermore, neither the word "they're" nor any of its homophones appear in your summary."

Zing!