Everything is coming up roses at General (Government) Motors. Last year, GM made $9 billion. As a consequence, the UAW members were awarded $7,000 in profit sharing bonuses. Their government appointed executives received millions in stock options; and their wealthy, green snob customers got a $7,500 tax credit for purchasing a Chevy Volt.
And to make matters worse, Government Motors didn’t pay a dime in taxes; nor did they make an attempt to pay back the $50 billion they borrowed from the taxpayers in order to bail their miserable asses out. As a matter of fact, they received an additional $110 million in additional “benefits.” Welcome to crony capitalist at its most obnoxious.
But not everyone associated with the Detroit behemoth is faring well. White collar workers are feeling the blunt end of worker-class envy cudgel. Their pensions are frozen and numbers are reported to be downsized.
Welcome to Obama’s world, America.
Source: http://nlpc.org/stories/2012/02/16/gm-pays-less-tax-buffet%E2%80%99s-secretary-uaw-profits
But not everyone associated with the Detroit behemoth is faring well. White collar workers are feeling the blunt end of worker-class envy cudgel. Their pensions are frozen and numbers are reported to be downsized.
Welcome to Obama’s world, America.
Source: http://nlpc.org/stories/2012/02/16/gm-pays-less-tax-buffet%E2%80%99s-secretary-uaw-profits
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