So much for your 1/2 ton and small diesels; more emissions cheating

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A business has 1 bad year and needs a bail out from the government.
I just can't wrap my head around that. All those other years of raking in literally Tons of profit and you have a bad year and you can't function without help.

What happened to all that profit.
 
Joined
Dec 9, 2008
Messages
87,561
Reaction score
69,690
Location
Ponca City Ok
A business has 1 bad year and needs a bail out from the government.
I just can't wrap my head around that. All those other years of raking in literally Tons of profit and you have a bad year and you can't function without help.

What happened to all that profit.

Basically a lot of it went to their retirement system for retired workers that could retire early with almost full pay and paid medical, living for 30 years or longer after retirement.
After awhile it caught up with them.
That’s another reason companies that used to offer pensions like the auto companies, shifted to a 401K program.
The company I retired from saw the writing on the wall and got out of the pension retirement system in 1999.
 

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