[DeTomaso] NPC: (Re: fixing the economy (with p content))

Wed Apr 1 17:05:28 EDT 2009

Asa...

Do you have more Info on the NEW Cobra Plan, when did this New Cobra Plan start? Cobra is so expensive I don't know how a common working man with a family of 4 could pay for it!!!
I was laid off in Jan 09 and for me 57 in good health I was told Cobra would cost me over $750.00 per month Ouch! 

Curt  

--- On Wed, 4/1/09, asajay at asajay.com <asajay at asajay.com> wrote:

From: asajay at asajay.com <asajay at asajay.com>
Subject: [DeTomaso] NPC: (Re: fixing the economy (with p content))
To: detomaso at realbig.com
Date: Wednesday, April 1, 2009, 1:48 PM

Some of us at a weekly lunch meeting have been talking about changes  
in the COBRA plan.  For those who don't know what COBRA is, it's  
medical plan you can buy into if you lose your job due to layoff.

Old COBRA plan:
- You pay 100% of the cost of the plan for up to two years
- The employer is done with you.

New COBRA plan:
- The employer pays 65%
- You pay 35%
- The employer has no way to know if you got another job or if you got  
another insurance
- You apparently don't have an obligation to tell them either.
- OH, and it's retroactive to any employee laid off going back to  
September of 2008.

So today we got to thinking... what the hell!  Then we connected the  
dots, and figured all those UAW workers who got laid off all the way  
back to last September, are now sitting pretty with insurance being  
paid by the auto companies.

That's one way to get the stimulus money into the hands of the people.

Asa Jay

Quoting Ken Green <kenn_green at yahoo.com>:

> That's kinda what I thought, it just didn't make much sense to
throw  
>  30 billion at a company only worth 2 billion?  I guess most of the   
> $s are going to the employees?  Kinda like unemployment, but maybe   
> five times what the rest of us would get?
>  
> Ken
>
>
>
> --- On Wed, 4/1/09, Gray Gregory <rgg at gregorycook.com> wrote:
>
>
> From: Gray Gregory <rgg at gregorycook.com>
> Subject: Re: [DeTomaso] fixing the economy (with p content)
> To: "Ken Green" <kenn_green at yahoo.com>,
"detomaso at realbig.com"   
> <detomaso at realbig.com>, "DavidAdin"
<DavidAdin at mercydurango.org>
> Date: Wednesday, April 1, 2009, 11:53 AM
>
>
> Ken,
>
> I just looked at a quote it was worth 1.16 billion at a per share   
> price of 1.90.
>
> Gray
>
> -----Original Message-----
> From: detomaso-bounces at realbig.com   
> [mailto:detomaso-bounces at realbig.com] On Behalf Of Ken Green
> Sent: Wednesday, April 01, 2009 1:06 PM
> To: detomaso at realbig.com; DavidAdin
> Subject: Re: [DeTomaso] fixing the economy (with p content)
>
> I have tried to find out how many shares of GM stock are out there.   
>  I think GM owes the UAW 20 billion, and I'm wondering how the 20   
> billion compares to the sum of the value of the shares?  The point   
> being that if GM owes the UAW more than GM is worth, the UAW could   
> buy GM if they thought it was going to survive, and in reality they   
> have more influence on that than anyone else, and make a huge   
> profit.  If the GM employees could buy GM but don't want GM,
it's   
> hard to see why the Feds should throw more tax $s at it.
>  
> So, does anyone know how much the GM stock is worth?  (I tried   
> searching the Internet and found everything else)
>  
> Ken
>
>
>
>
> --- On Wed, 4/1/09, Adin, David <DavidAdin at mercydurango.org> wrote:
>
>
> From: Adin, David <DavidAdin at mercydurango.org>
> Subject: [DeTomaso] fixing the economy (with p content)
> To: detomaso at realbig.com
> Date: Wednesday, April 1, 2009, 10:13 AM
>
>
>
>  
>
>     Subject: I love this plan
>
>     This was an article from  the St. Petersburg Times newspaper
> Sunday.
>
>     The  Business Section asked readers for ideas on "How Would
You
> Fix the
>     Economy?" I thought this was the BEST idea....I think  this
guy
> nailed it!
>    
>
>     Dear Mr.  President,
>    
>
>    
>    
>
>     Patriotic retirement:
>    
>
>     There are  about 40 million people over 50 in the work force.
> Pay them $1 
>     million apiece severance with the following  stipulations:
>    
>     1) They leave their jobs. Forty million  job openings -
> Unemployment fixed.
>     2) They buy  NEW American cars. Forty million cars ordered -Auto
> Industry 
>     fixed.
>     3) They either buy a house/pay off their  mortgage -Housing
> Crisis fixed.
>     4) Mandatory 25,000 expenditure to a Pantera vendor
>
>     Can't get any  easier than that! 
>      
>     Not joking anymore, I remain
>      
>     The Pope
>
>
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