AIG, Take a Page From UAW

" Robert what -- all the talk of AIG. And it's bonus contract obligation we can look at the auto makers example. Who were pressured to renegotiate union contracts in order to survive."

" I'm sorry why couldn't AIG executives do the Senate renegotiate their bogus contracts. Before they paid out these large sums let's bring in Rogers ever maker author of how Americans. Can buy American. Roger from the star. We have seen the US auto worker in this generated for making seventy grand if -- that's what it even visit and hear these guys are getting millions in bonus payments and everybody's taking it to congress but how is it that they were able to force auto workers and frankly white collar workers in the auto industry to take all kinds of changes in their worker contracts. Get this it involves so much. Push back."

" Well this is indicative of the treatment that we. The way that we treat -- auto makers compared to somebody like AIG and -- same kind of the -- unequal treatment the US auto makers get -- before lawmakers. I mean we allow. -- South Korea and Japan import unlimited cards in the US were locked out of their market GM and Ford routinely have to pay billions of dollars in health care. Further all workers and retirees words at the Japanese pick out offer from their auto makers so what's is on equal treatment and this is just another example where we break. The US auto makers over the coals for every penny we propose to give to them that we treat AIG as everybody has seen quite differently why. Why do you think that is. I don't know why it is that seems like we have this disdain for manufacturing in this country. Benefits there's any term that the American public has become very familiar way off. Lately it's the ripple effect of Roger let me get -- and -- second Roger do you think that there might be I mean we know that. You know the Wall Street was well represented the last treasury as well represented this treasury do you think there's some data conspiracy among bankers here that. To help out each other and and ignore the car companies. I don't know if it's a conspiracy but I I just think we've turned to a more service oriented economy -- we turn our backs on manufacturing. And the fact is for every manufacturing job we have -- supports for other jobs. In the service industry you'll have a ripple effect between one and two jobs you know we have to have a US auto industry in this in this country. We have to have an American company in every category of industry in the United States. If GM Ford and Chrysler fail we don't have an auto industry anymore but -- AIG fails we will still have a US based insurance industry -- right. Because there are a lot of other insurance companies out there."

" Just wondering you know they've been hearing history -- we keep hearing oh unskilled auto workers you know last I checked they actually can make hybrid complicated engines that are worth something versus these credit default swaps how much anger is out there on behalf of the auto -- right now that they're looking at this."

" Well I'm sure have a lot of anger because there's a lot of instability about their jobs they don't know what's gonna happen there they've seen their reduced there there. Pay cut I mean not solely the pilot who -- The other airplane on the Hudson you know he said look -- my pay has been cut 40% might pensions been eliminated and we look at pensions for stability but yet we're willing to cut them and throw it into an unstable stock market and our writers Sarah -- Roger and."