[DeTomaso] NPC: (Re: fixing the economy (with p content))
Mad Dog Antenucci
teampantera at yahoo.com
Wed Apr 1 19:04:32 EDT 2009
Curt,
The reality is most working families out of work can not afford to pay the extra costs for medical coverage through Cobra so they go without so they can put food on the table or pay their mortgage or rent. As you know we now have 10+% unemployment in California and last week in the LA Times construction unemployment was at 45%. Whatever it really is anytime you are out of work its tough.
I know other states have it as bad or much worse....take that 10% number and and add 10 and you probably get a more realistic idea of how bad it is out there. I called a project construction recruiter the other day and even he was laid off. I called the next guy I had a number for and the number was disconnected!
Curt, don't give up bro'...I know it sucks but most of us older dogs have been through these recessions (depressions) before and I believe as bad as this one is and I can't remember a worse one we will get through this one too so keep the faith.
Love you man.
Mad Dawg Antenucci
Team Pantera Racing
The 1st & still the only vintage race team in open road racing
www.teampanteraracing.com
________________________________
From: "asajay at asajay.com" <asajay at asajay.com>
To: detomaso at realbig.com
Sent: Wednesday, April 1, 2009 2:40:04 PM
Subject: Re: [DeTomaso] NPC: (Re: fixing the economy (with p content))
I get this info from a small business manager I know and have lunch
with Frequently, who recently talked to her insurer, who by the way
was also taken by surprise to hear about this new COBRA plan. She now
has to compile a list of employees laid off since September and send
letters to them all to "offer" this new Cobra Plan. She's not happy.
Profit margins are almost non-existent as it is.
Asa Jay
Quoting Curt Hall <cuvee at sbcglobal.net>:
> 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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