Absurd?

The agreement between GM and the United Auto Workers : All workers are guaranteed full pay and benefits through the end of their contract in September 2007, whether or not the company has work for them. It could not be any clearer why GM is heading into bankruptcy. Shouldn’t it be: A company guarantees you a job only if it has is work for you?

But the UAW may not be as worried as one may think since if GM goes bankrupt and can't meet its pension obligations, the Federal Pension Benefit Guaranty Corp. would step in and pay workers their pension up to a cap. Government comes to the rescue. The dire truth is that the American taxpayers of today are going to pay for mistakes made by GM and the UAW decades ago.

Fair or Absurd?