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Vegas Employer: Obama Won–So I Fired 22 Employees
#28
Harry Rex Vonner Wrote:Absolutely. That was exactly Obama's intended end result. And, that is the end result.

Another example of abuse of the system is the Solyndra bankruptcy.

In a bankruptcy, one of the paramount goals is to protect all creditors, as much as possible, from loss. As a part of the process, contracts, including union contracts, may be reaffirmed or rejected. If rejected, which is almost always the case (and I know this from being involved in many such bankruptcies), the contracts may be renegotiated in a way to help the company stay afloat or declred null and void. The purpose of the GM manipulated "bankruptcy" was to keep GM in business in a way that would protect all union contracts without change. And, that is what happened.



Thank you, I just wanted you to spell that out for the sake of clarity. To be honest, that was the first thought I had when Hostess made the announcement, would Obama step in and fund the pensions and help defray the cost of ObamaCare with taxpayer dollars?
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Vegas Employer: Obama Won–So I Fired 22 Employees - by TheRealThing - 11-16-2012, 01:29 PM

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