Who knew? Well-written editorial in today's NYT makes close to coherent argument. Except for the part where he waves his hand and says 'reduce retiree benefits.' I have an equally fair idea; hunt down everyone who got a dividend from GM in the past 50 years and get that money back. Because paying out that money then is why the retiree costs now need the current operations to fund them.
Here's a reminder that whenever a company promises you anything about the future, don't count on it.
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