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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POLITICAL: The relentless dishonesty of modern Democrats

Sunday, May 24, 2015

https://www.newsmax.com/NewtGingrich/baltimore-riots-freddie-gray/2015/05/17/id/645106/

What’s Behind the Collapse of Baltimore
Sunday, 17 May 2015 10:13 AM
By Newt Gingrich

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As Archbishop of Baltimore William Lori points out, the Catholic schools cost $6,000 a year and have a 99 percent graduation rate. Yet the Democrats are committed to locking poor children out of those schools if it takes a dime away from funds for failing, unionized public schools.

With school choice policies, we could save children’s lives while saving money. Instead the left wing unions and bureaucracies ruthlessly exploit children, ruining their lives while the Democratic leadership in the Maryland House blocks school choice bills that would give children a chance to attend better schools and would force schools to compete for students by actually being good schools.

There is no greater example of the relentless dishonesty of modern Democrats than their willingness to destroy children’s lives while blaming others. President Obama could quit blaming Fox News and simply demand school choice (which of course he opposes) and he would radically improve the lives of millions of trapped poor children.

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I have always liked Newt’s brains. His morals cost him the Presidency.

But read this article and he factually pounds home the immoral, ineffective, and inefficient government by one party.

It’s hard to imagine the lives that have been lost, the possibilities missed, and the trees lost by the terrible Gooferment Skrules.

Further, after ending the Fed, I can’t think of a more important step to improve America than to Separate Education and the State.

We wouldn’t think of the Gooferment running food so why do we let it “ruin” Education and Health Insurance?

Argh!

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NEWJERSEY: Public-sector unions are, per se, corrupt

Sunday, March 6, 2011

http://channel-surfing.blogspot.com/2011/03/public-sector-unions-are-not-problem.html

Thursday, March 03, 2011
Public-sector unions are not the problem

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New Jersey’s public employee unions are starting to fight back by doing what working people should have been doing in this country for years. They are taking it to the streets. The teachers were in Trenton last week; today, it was the police and fire unions. Who’s next? As glad as I am to see them take to the street, we have to face the fact that these rallies lack the unity and sense of larger purpose that the Wisconsin fight has had. Workers in the Badger state face the prospect of being stripped of bargaining rights, even after giving the governor every concession he has requested. The issue there is the basic right to organize and act collectively.

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“New Jersey’s public employee unions” ARE part of the problem. Part!

This a corruption.

These Unions “donate” huge amounts of money to political campaigns. Usually Democratic. They supply free labor. And, muscle.

Then, they turn the page and “negotiate” “agreements” with the politicians that they elected.

It’s always been “wrong”. But, now it’s reached absurd levels.

We need a systemic fix.

IMHO, the Gooferment should not be running or operating anything. And, certainly not extracting wealth from real people by force.

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