They are paying for UAW retirements, the "Normal" person pays for their own retirement out of their check, not added to their check. All these bailouts are doing is delaying the failure. They are wasting "our" money, all these companies will be back in a few years asking for more money. If we really are a capitalist society we should let them fail and let the strongest come back and survive. But we are turning into a socialist society so that won't happen. We are going to end up like the USSR with no middle class and everyone is poor or super rich b/c the bailouts bankrupted our country.


http://toledoblade.com/apps/pbcs.dll...362/0/BUSINESS


General Motors says its total hourly costs are $69 an hour - including the pension and health benefits of more than 432,000 retired workers. Toyota, which has fewer retirees and less costly benefit packages, says its total wage costs average $48 an hour.

$28.87 Honda workers earn includes the base wage of $24.80, plus an attendance bonus of $1.25 for each hour worked, a bonus-sharing program that adds $2.32 per hour, and an earnings payment of 50 cents per hour. Also, Honda workers are offered a competitive health care plan.

At the Jeep plant in Toledo, workers were concerned about the perceptions of what they are paid.

"We haven't had a raise," said Glenn Paisie, 53, of Point Place, a 30-year employee. "We don't get no raises. … We're only making a couple bucks more an hour than the foreign plants down in Georgia. The problem is they don't have any retirees to pay for. That's the biggest problem."