RANT: Gooferment Motors bailout has cost over 32B$ dollars so far

Tuesday, October 27, 2015

http://newsbusters.org/blogs/nb/tom-blumer/2015/10/24/not-news-uaw-considering-plan-milk-unemployment-system-if-it-calls-gm

Not News: UAW Considering Plan to Milk the Unemployment System If It Calls a GM Strike
By Tom Blumer | October 24, 2015 | 10:30 PM EDT

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The news coming out of Detroit about near-deadline negotiations between the United Auto Workers union and General Motors has been pretty quiet. As the Sunday 11:59 p.m. deadline approaches, the Associated Press only has a four-paragraph blurb indicating that the union wants to get a richer package than it just garnered in negotiations with Fiat Chrysler. A Reuters report goes into detail about GM’s cost structure still being higher than that seen at Toyota’s and Nissan’s U.S. plants by about 15 percent and 31 percent, respectively. The New York Times is only carrying reports from the wires.

One note of substance about the UAW’s strategy covered at Bloomberg News — surely known to others following the industry who are filing bland reports — is that it plans to milk the unemployment insurance system in the event of a protracted strike.

To be clear, such a strike would appear to be very unlikely, if for no other reason than the fact that Americans remember that the Obama administration bailed out GM at a considerable cost several years ago. The final fully-loaded cost involved was $26.5 billion — not the $11.2 billion touted by the press last year. It’s safe to say that quite a few people would not take kindly to the idea of the primary beneficiaries of that unprecedented largesse walking out on their jobs when so many others are still unemployed and under-employed over six years after the most recent recession’s official end.

(Additionally, the linked $26.5 billion analysis appears not to have picked up the effect of the government permitting GM to carry forward $16 billion in tax losses incurred by the “old GM” into the “new GM” — even though “a business that undergoes a change in ownership usually has to forfeit the old company’s net operating losses,” which certainly happened during the bailout. At the statutory federal income tax rate of 35 percent, that decision alone cost the U.S. treasury $5.6 billion.)

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Argh!

And the UAW isn’t happy?

Talk about Crony Capitalism.

Now they want to stick the taxpayer — via unemployment insurance — with the cost of their “strike”.

Guess no one remembers the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with!

Argh!

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GOVEROTRAGEOUS: Genocide? The result of confused policies

Monday, March 12, 2012

http://www.washingtontimes.com/news/2012/mar/4/obama-defunds-snowflake-babies/

Obama defunds ‘snowflake babies’
Program aids in embryo adoption
By Cheryl Wetzstein – The Washington Times
Sunday, March 4, 2012

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While some observers support this move as a way to free up funds for more urgent reproductive-health concerns, supporters of embryo adoption say this is the wrong time to abandon embryos that are sometimes called “snowflake babies.”

“I think that daily we talk to people about … embryo donation and adoption, and we hear the response, ‘Really? I didn’t know that was even possible,’” said Ron Stoddart, executive director of Nightlight Christian Adoptions, which in 1997 pioneered the process of infertile couples “adopting” the extra embryos that another couple’s in-vitro fertilization process inevitably produces.

Hannah Strege, the first of these frozen, unique “snowflake” babies, was born in December 1998. Researchers think as many as 50,000 of the 600,000 cryogenically preserved embryos in the U.S. eventually could become available for adoption.

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Being childless is heartbreaking.

Murdering helpless children is horrific.

The problem was setup when the decision was made to START down this path. That sets you up to have the problem of FINISHING off the journey.

We certainly can’t afford the Gooferment; so cuts are essential.

It is just pathetic that we wind up at this stupidity. Isn’t that saying “leaders lack vision and the people perish”?

I’ll drag out my favorite personal realization from the Original Adventure by Wally Crowthier. “If you kill the bird, you can’t get past the sake.” That translates to: “What if the potential person that’s killed is the next Salk who will cure cancer, the next Hawkings who will explain the Universe, or the next Mother Teresa who will comfort untold number of sufferers?”

Imagine 50,000 Jonas Salk’s or 600,000 Mother Teresa’s?

It makes me sad. I know Frau Reinke would have taken as many as she could. Sad.

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