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Old 06-04-2012 | 12:44 PM
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Erdude32
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Joined: Nov 2011
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From: One with wings
Default Economic Reality Check

Taking the Emotion out of any decision making, have any of the NO voters tuned into Cnbc, any of the nightly news programs, read a Wall St Journal and have noticed the very real and slowing world wide and now US economy? I'm beginning to think that RA is wishing the expedited negotiations had been a bit slower. Every indicator in every section: alarm bells are going off. In 18 of 21 economic areas of the US missed targets and the NY area is already in contraction. Manufacturing is down and unemployment is up. ..we are well on our way to a double dip. Europe is teetering on the edge of a full scale meltdown and the current world bellwether is slowing as well, China.

This begs the very real and un-emotional question we all need to ask ourselves: Do we reject this TA and hope for the best? Or do we take the 19.7% and ride out the next 3 years with added furlough language, added JV language and smaller DCI. Yes, some areas of the TA suck.... Productivity concessions & larger RJs. But is the totality of the TA better that the very real alternative of negotiating in a recession???