Today the Obama Administration paid of the “Campaign Debt” it
owed to the UAW in spectacular fashion! Yes sir, if Chrysler can get the rest of its debtors on board
with their Obama stamped plan and seal the deal with Fiat then the UAW will get a 55% share of Chrysler. 55% Share…. And get this….after all of that THEN Chrysler will be eligible for more government (taxpayer) bailout money! Yeah!!! HooRay!!! Ain’t that fricken special.
So the UAW will have a 55% share and We The People (government) will own an ever increasing percentage right? So what percentage will be left to actually call Chrysler? And how will anything change as whats left will still have to bear the choking union debt that’s incurred by having to do business with the UAW?
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Omobile
izoneguy (Diary) Tuesday, April 28th at 7:06PM EST (link)The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
Nice, izoneguy,
Wayne (Diary) Tuesday, April 28th at 7:53PM EST (link)and over at Government Motors, they get rid of Pontiac and Saturn, but keep Buick and Cadillac? Two cars that just epitomize the fuel-efficient cars of the future? i doubt it. And the UAW will get their share of GM too. Meanwhile, the government has eased the rules on union money, so that it can be rolled back into the dem party.
We are a third-world country. Hugo would be proud of us.
They’re using our money to fund the UAW, and in doing so, they just delay the inevitable for a few years. Chrysler and GM will still collapse because of the cost of paying off the union.
“Hell, these are Marines. Men like them held Guadalcanal, and took Iwo Jima, Baghdad ain’t s–t”. Maj. Gen. John F. Kelly, USMC, Deputy CG, First MEF
UAW is kinda like a buzzard eating roadkill
izoneguy (Diary) Tuesday, April 28th at 8:38PM EST (link)The real tragedy will be in the dealer network. Some will be able to transition to different car companies and some won’t. I cannot even see die-hard leftists jumping on the Omobile.
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
All this is is a way for the UAW and vis a vie the Democrats
Michael Dugas (Diary) Tuesday, April 28th at 9:02PM EST (link)to keep their coffers full. Everything is about forcing the work force to unionize and thus pay off the unions and pay off the Democrats. For Democrats the pay off will be two fold, money AND votes.
I can hear the cries as freedom dies. This is really looking bad for my/our country.
Intro to Federalist Papers; section 5;
paragraph 4.
“…dangerous ambition more often lurks behind the specious mask of zeal for the rights of the people than under the zeal for a firm and efficient government.”
Remember: A Citizen on the dole is a Liberal Vote at the Polls.
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Si Vis Pacem, Para Bellum !