GM has appproved bonuses to 45,000 hourly workers of $4,000 each. This article discusses the details. Is this a wise decision right now considering the extensive bailout given by the taxpayers? You read and decide.
http://www.comcast.net/articles/finance/20110214/US.General.Motors.Bonuses/
"Since the taxpayers helped these companies out of bankruptcy, the taxpayers should be repaid before bonuses go out," Sen. Charles Grassley, R-Iowa, said in a statement. "It sends a message that those in charge take shareholders, in this case the taxpayers, for a sucker."
ReplyDeleteI say give the factory workers a break. Its a hard job working in a factory. GM has already paid back alot of the bail out money so I see no harm in giving bonuses to there workers.