Posts Tagged ‘unions’

How much has the (Union) (Government) General Motors (GM) (Payoff) Bailout Cost US???

December 19, 2012

I need someone to please help me!!!! 

Are reporters and their Media Masters either 1) Completely LAZY OR 2) Completely INCOMPETENT OR 3) Can they possibly be this lacking in MORALS, and EVIL, that they have no problem LYING OUTRIGHT to the American People in order to push an AGENDA??  

I guess I am to much of an optimist and trusting in the good will of others that I seriously have a difficult time believing that the answer is Number 3!!!  I mean, the collaboration, that this requires of everyone involved is amazing.  IF it is true, just imagine what they could do, working together like this, on a worthy goal!!!

Why am I asking a question with only these possible answers, you ask??  The following are articles from this morning:

GM to buy stake from Treasury, government plans full exit” – Fox Business

GM & Feds Announce They’re Breaking Up, Automaker to Buy Back 200M Shares” – The Blaze

GM to Buy Back Stake From Treasury; US to Exit” – CNBC

And there are MANY, MANY more of these articles.  Go ahead and search “GM buys back government shares”, there are already over 500,000 links!!!

“That sounds like a good deal to me”, you say, “I don’t want my government owning one of the largest manufacturers on the planet”.  “So, what’s wrong??”

Here is a line (or variation) that is in ALL of the articles:

“GM received about $50 billion from the U.S. Treasury as part of its 2009 bankruptcy restructuring in 2009 under the Troubled Asset Relief Program (TARP).”

YES, this statement is TRUE!!!  BUT….That is NOT the WHOLE STORY!!!  Here is another line:

“The deal will raise the proceeds Treasury has recovered to $28.6 billion. That leaves $20.9 billion left on the original bailout amount.”

And here is where it gets a little tricky!!!  You see that word, ORIGINAL??  Or that, “GM received about $50 Billion from TARP”??  That is NOT ALL THAT THEY RECEIVED!!!  They ALSO received ZERO TO VERY LOW (below market rates by FACTORS) loans in order to make the first repayments.  And some of those “loans were written off!!!  In other words, the Government gave GM a “loan” so it could repay the payoff “Bailout”, and THEN, the government told GM that they didn’t need to repay the “loan”.  And don’t forget the $45.4 BILLION that WE gave to GM in order to cover future tax payments!!  IF they ever truly make a profit!!!

Also, something that used to be done in business is a calculation concerning time value of money.  To keep this simple, let’s just use $50 BILLION that we gave them.  And let’s assume a 5% yearly return (many treasury bonds pay more than this).  We bailed them out in 2008, it is now the end of 2012, so let’s say 3 years, just to keep it simple.  Year 1 the interest would be $50 Billion * 1.05 =$52.5 Billion.  Year 2 =$55.125 Billion. And year 3 =$57.9 BILLION.  And the interest is not done yet….

So, to sum it all up:  IF the Government sold ALL of it’s shares today the Bailout of Government Union Workers would cost US AT LEAST $55 BILLION, NOT INCLUDING INTEREST!!!  We’ll see what the final cost (IT WILL BE A COST, no amount of “creative accounting” will be able to show this as a “profit”) is in future years.

Which brings me back to my original question:  Are they LAZY, INCOMPETENT, OR EVIL??

Are People Overpaid??

September 7, 2012

Here is a continuation of previous posts about OVERPAID people.  This time let’s go to a National Organization.  How many people think that Teachers, in general, are overpaid??  Show of hands…..

I do not have concrete statistics on the answer to that question, and I DO NOT BELIEVE THAT TEACHERS ARE OVERPAID!  In fact, I believe that most good teachers are UNDERPAID!!  I understand that there are some terrible, horrible “teachers” in the USA and they deserve to be fired, tarred and feathered.  Some belong in JAIL.  BUT, for a large majority of teachers, they are trying to do a good job and care about results.  I even imagine that most would change the way they teach if they were shown a better way.  THIS POST IS NOT DISPARAGING TEACHERS!!  BUT……I do want to talk about the National Education Association, the NEA.

The NEA – this is THE teachers UNION.  I have provided a link to a list of their “employees” and their salaries.  Here are some bullet points:

  • They list 1017 “employees.  If we eliminate “former employees” (10, that are still paid something?, but probably do nothing), “unpaid interns” (39 of 97 “interns” are unpaid and only 10 make more than $10,000), “Board of Directors” (249, the highest salary is $21,733, but ALL but 7 of whom are paid less than $10,000, and 150 are UNPAID) and there are 36 people who are unpaid, we are left with 684 “employees”.  If we eliminate the 68 people who earn less than $10,000, there are 8 less than $1,000, 2 less than $2,000, 8 less than $3,000, 19 less than $4,000, 12 less than $5,000, 7 less than $6,000, 7 less than $7,000, 1 less than $8,000, 2 less than $9,000 and 2 less than $10,000.  We are left with 619 people who work for the NEA.  These are people paid through Union Dues from our teachers.  I could eliminate a few more, say up to a beginning teachers salary, but you should see the point shortly.  619 of 1017 is 61% of the entire employees of the NEA “earn more than $10,000.
  • 423 of the employees of the NEA “earn” MORE THAN $100,000!! 423 of 619 is 68% of the employees are paid MORE THAN $100,000!!!
  • 121 of the employees of the NEA “earn” more than $150,000!!
  • 25 of the employees of the NEA “earn” more than $200,000!!
  • 3 of the employees of the NEA “earn” more than $300,000!!
  • 1 employee of the NEA “earns” more than $400,000!!

At $410,133/year salary John Wilson “earns almost as much as President Obama ($450,000/year).  Seriously??  Do you think he is overpaid??

Labor Unions and SLAVERY!!!

April 23, 2012

I read this article from the Daily Caller this morning, and all I could think was, “This will be GREAT when the union wins!!!”

Here is the headline and a quote:

“Labor Union sues Indiana, calls working alongside nonunion employees ‘slavery'”


“Through these laws, the Union is compelled to furnish services to all persons in bargaining units that it represents, but it may not require payment for those services because of the Right to Work law. The statute also requires dues-paying union members to work alongside non-union personnel, and that is compulsory service and/or involuntary servitude within the meaning of the Thirteenth Amendment.”

Now, follow along here for a minute.  I will be happy IF the union wins (which I doubt they will), and here is why.  Let’s replace “union” with working people, and instead of “bargaining units”, let’s say population, and instead of “union workers” (LMAO), let’s say tax payers.  Now it reads something like this:

“Through these TAX LAWS, working people are compelled to furnish services to all persons in the population, but the working people do not require payment for those services because of the TAX CODE.  The statutes also require that the working people have to put up with the freeloaders, and that is compulsory service and/or INVOLUNTARY SERVITUDE within the meaning of the Thirteenth Amendment.”

You see…..paying taxes is like being a SLAVE and the 47% non-income tax paying populace are the slave owners, according to the Unions!!!  This is going to be fantastic!!!  Doesn’t it make you feel great, if you pay income taxes, to know that you are a SLAVE??

OK…..sarcasm does not translate well in the written word. 

What about the person that does NOT agree with anything that the Union is fighting for, and yet in FORCED UNION states, they are REQUIRED to pay Union Dues in order EARN A LIVING??  Is that SLAVERY also??

Obamacare Waivers!!!

May 16, 2011

Finally, I have found the NEW web address that the “Most Transparent Administration in the History of the World” has used to update us lowly peasants about their manipulation of the markets for THEIR “friends”.

Here is the link that gives the updated damage to our republic.

In short, the waivers now stand at 1372 Waivers, that cover 3.1 MILLION people.  Note: that is an increase of 50% in the number of people covered by these waivers, since JANUARY!!  Here is the previous blog post that I have done.  It contains the older link, that is still active.  (You know this was done, to cause confusion, by “the Most Transparent Administration in the History of the World”).  And most of the waivers have been obtained by…..wait for it……UNIONS, or UNION CONTROLLED companies!!!  You know, friends of the ONE.

The more that people learn about “what is in the bill, since it was passed” (Thank you for your help, Nancy Pelosi!!), the more it is NOT wanted!!!

Democrats Flee their responsibilities….

February 24, 2011

So far the Democrats in Wisconsin have fled to hide in Illinois, to avoid a vote that they do not want.  Regardless of the fact, that they have a JOB to do, that the were ELECTED for, that they WANTED.

Now the Democrats in Indiana are following the same script.


Arizona has a LAW that says something like: “if a public officeholder doesn’t “discharge the duties of office” for three straight months, the office becomes vacant until a special election is held to fill it. It doesn’t say exactly what it would take for an officeholder to qualify as having discharged his or her duties.”

I would think that NOT showing up for work and at least voting present, like someone else we know, would qualify as NOT discharging their duties.  I wonder how long the Wisconsin and Indiana governors can keep the Democrats away?  Could they then call for an open election for their seats??  Let me know what you think.

Protests in Wisconsin…

February 21, 2011

I will be posting my thoughts on the protests in Wisconsin shortly.  This post is concerning the physician notes being handed out, at the protests, to the protestors so they may be “excused” from their absence from work.

In my opinion, the Attorney General of Wisconsin needs to open an investigation into the “notes”.  They should compile a list of all the notes, including the employee that turned it in, the physician that issued it, the date it was issued and the dates involved.  How many people can a physician examine in one day?  The attorney general then needs to examine the medical insurance claims done on said dates.  If these do NOT match, something is fishy!

If it can be proven that a physician was arbitrarily providing notes, then charges of medical malpractice needs to be filed.  Also, fraud charges need to be leveled against the end users, they know they were not sick.

Foreign Contributions???

October 11, 2010

Here is an article from Foxnews and here is a similar article from the Wall Street Journal, that detail the One’s accusations about Foreign Donors influencing american politics.  This is what is making Americans SICK of the political parties in Washington DC.  Seriously, did The Anointed One just accuse the opposing party of using Foreign Money for the political process in the United States of America?  I just want to make sure I am hearing Him correctly.

The following is a quote from the Foxnews article referenced above:

The Chamber of Commerce accusation apparently stemmed from a report last week by the Center for American Progress-affiliated Think Progress. The report claimed the Chamber was generating hundreds of thousands of dollars in foreign money every year and questioned whether those funds were going toward its multimillion-dollar political operations.  But the Chamber adamantly denies this, saying foreign money is separated from its U.S. political activity. The Chamber said in a statement Sunday that the DNC ad is “ridiculous and false.” Rove also said the White House cannot back up its accusation. Asked about the charge, Axelrod put the onus on groups like the Chamber of Commerce to prove foreign money is not influencing the election. “No one knows where the money’s coming from,” he said on CBS’ “Face the Nation.” “Why not simply disclose where this money is from and then all these questions will be answered?”  (my emphasis)

I am simply amazed that the President (through Axelrod) can honestly accuse anyone else of raising foreign donations, when it has been documented that this is what HE did during HIS presidential campaign.  If anyone is wondering here is an article from the Washington Post in 2008, detailing some of HIS fundraising.  To use Axelrods words, “I put the onus on The President to PROVE that foreign money did NOT influence his campaign, why not simply disclose where his donations came from!”

Then I read the article from the Wall Street Journal, the following is a quote:

That didn’t stop President Obama from raising the issue in a Maryland speech last week, saying that “groups that receive foreign money are spending huge sums to influence American elections.” Within hours of the ThinkProgress report, the bully boys at asked the Department of Justice to launch a criminal investigation of the Chamber. In a letter to the Federal Election Commission, Minnesota Senator Al Franken expressed his profound concern that “foreign corporations are indirectly spending significant sums to influence American elections through third-party groups.”

Which got me thinking.  I think this is a great conversation.  I think that we need to be sure that NO foreign funds are being used by ANYONE in the political arena.  I think that we need more transparency concerning political donations and their origins.  I hope that we can all agree, that foreign donations to our political process may NOT have America’s best interests in mind. 

To that end I would ask that use their influence and join me, and ask the Department of Justice for a criminal investigation of the AFL-CIO union, its political fundraising (most come from dues paying members), and its influence in past elections.  As we all KNOW, there are some members of the AFL-CIO that are not in the USA legally.  By definition, this means that THEY are foreign.  Since the are paying UNION DUES, and these dues are commingled with all dues, it is from these dues that the AFL-CIO is making political donations to current and past races.  We can now see that the AFL-CIO IS using FOREIGN money to INFLUENCE american politics.  I feel that the AFL-CIO, and all other unions, need to document their members status and disclose the information, and what political causes are supported by their foreign money.

For another breakdown of the foreign money that goes to unions/dimmocrats, check out the post on Red State.