Revmitchell said:The Senate is wanting the Union to concede its benefits just as the execs have already made its own concessions.
Correction... The Senate would "REQUIRE" the union to certain concessions like management "SAID" they would do but there is nothing in writing. The union already offered some concessions just like Management did. Is it the Senate's position to decide who needs to give more?
My point, if the Senate is going to legislate union concessions then management concession should also be included in the legislation. Basically, they want to document what the bondholders and UAW will do but management doesn't get the same documented obligations.
Also, none of these conditions were placed on the banks and they are just as in danger of going belly up. This is also not Senates place to make such concessions. The GOP is clearly trying to bust the union through legislation and it should not be allowed to happen.