I missed that part. I like the idea. However, doesn't it mean that employees will be working overtime at regular hours pay in the future? Isn't that illegal?


>Its not a bad deal though the hours are banked and will have to be worked as unpaid overtime at some point in the future(if there is one) when production restarts volume will be much reduced. And workers who can find casual work in the interim will benefit.
>
>Problem is that suppliers (who don't have Honda deep pockets) are going out of business.
>
>>Full pay for 2 months but no production during that time? I think no production and 50-60% pay would make more sense. Probably still higher than minimum wage and would allow them to keep their employees. At least they are not just laying everyone off as most do. Good thing I'm not running it...
>>
>>>Honda Uk are stopping production for 4 months with staff on full pay for 2 months then 60% for two months.
>>>
>>>http://news.bbc.co.uk/1/hi/business/7859863.stm
>>>
>>>
>>>
>>>>The recession that peaked in 1982 was a very bad one. Whether this one proves to be worse remains to be seen. It's already bad enough, that's for sure. Even the sunniest current projections (not that there are many of those to be found) say this will last months longer than most recessions. And our financial institutions haven't fallen apart like this since the Great Depression.
>>>>
>>>>>hmmm ... I read/heard that the recession of the late 70's/early80's was worst than this one.
>>>>>I know, still many people are hurting. I just wanted to put some perspective on this matter.
>>>>>
>>>>>
>>>>>>You seem to be making the same assumption Bill was earlier today -- that the stimulus package is just throwing money away and piling up the debt. If it pulls us out of the economic rut we're in and gets America moving again, it will be money well spent. It will be more than recouped by increased tax revenue, reduced unemployment spending, etc.
>>>>>>
>>>>>>That's not saying it's guaranteed to work. I don't think anyone can say that with any assurance. But jeez Louise, we've got to do something. The economy is circling the drain.
>>>>>>
>>>>>>>"We will deliver for our children, our grandchildren and our great-grandchildren," Barack Obama
>>>>>>>
>>>>>>>>What is the promise he made? Not to propose an economic stimulus package?
>>>>>>>>
>>>>>>>>Re rock star, here is a smile for you and the other anti-Obamaites. He is on the cover of the latest issue of Entertainment Weekly. Even I had to smile at that.
>>>>>>>>
>>>>>>>>>It's not about the Republicans. It's about Obama saying one thing, making it a heroic campaign statement, basking in the rockstar status, and then not delivering.
>>>>>>>>>
>>>>>>>>>>You're right, Democratic presidents just don't know how to keep a lid on the debt like Republicans ;-)
>>>>>>>>>>
>>>>>>>>>>>"We will deliver for our children, our grandchildren and our great-grandchildren," Barack Obama
>>>>>>>>>>>
>>>>>>>>>>>Deliver huge debts, that is.
>>>>>>>>>>>
>>>>>>>>>>>>820 billion dollars. ... plus interest
>>>>>>>>>>>>I read that it would be cheaper to give every home owner in America $17,000.00 or they could pay for gas for every car owner for five years.
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>>>>Another day old and deeper in debt....
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>A penny saved is a penny earned, but a dollar printed is a dollar+interest owed.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>More to come, please stay tuned
>>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>Staying tuned will cost $650 million :)
>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>http://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>They'll spend us out of debt, right?
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>Lots of new jobs to revitalize the economy in..
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>"$400 million for global warming research; $335 million for the Centers for Disease Control to combat sexually-transmitted diseases; and $650 million coupons to subsidize TV viewers for digital television conversion"
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>I bet they can add another trillion to the deficit (which is a good thing, right?) before the end of February.