Re: US Pensions

[Dave Land]

On May 13, 2005, at 4:36 AM, JDG wrote:
At 10:29 PM 5/12/2005 -0500, Dan M. wrote:
And what happens if the company goes bankrupt?
The pension fund wasn't owned by the company...it was not considered a
company asset.  The problem was not that the pension obligations went 
to
other creditors (the employees were creditors after all).  It was 
that the
company was able to use vodoo ecconomics to fund the pensions.
Wow, how surprising.   It really all always comes back to bashing
Republicans with you, doesn't it?
There are a lot of folks on this list about whom you could say this, but
Dan is not one of them. Think of the many times that Dan has taken Nick
to task w/r/t Iraq.
Then again, where's the Republican-bashing in that message? Is it Dan's
use of the phrase "voodoo economics?" I know that it was used to 
criticize
a Republican presidential candidate, but perhaps you recall that it was
used *by* a Republican presidential candidate (G. H. W. Bush, of Ronald
Reagan's "supply-side economics," in the 1980 primaries).

Dave
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