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GM IPO boost to democrats in 2012?
The unusual bankruptcy settlement for GM granted a significant portion of the company to the United Auto Workers. The union is in this game too, even though it has no investment to recoup. The UAW is selling around 18 million shares, so it stands to gain about $500 million for its pension fund ? at taxpayers? expense
Read more: http://dailycaller.com/2010/11/18/gm...#ixzz15qOBPrzY Do you wonder what the unions will do with that money in 2012? |
The article for the most part is pigshit.
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Vendzilla why do you advocate for the destruction of the middle class?
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Just so you know, I have two union cards, IUEC and Teamsters I didn't like what they did with our dues, never did |
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This entire idea was an epic fail. Anyone that knows anything about business understands that this "bailout" basically handed control of the company to the unions. The taxpayers will never get a solid return on their "investment". It will ultimately bite Obama in the ass, especially when the Unions sink a shitload of cash into his war chest in 2012. People are fed up with "business as usual" politics from both parties.
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Thanks. |
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I have two union pensions coming to me when I retire, Medicare is fucked up right now because of the new healthcare law, so blow it out you ass shit for brains |
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:1orglaugh Too bad you slept through life like an idiot until Obama became president and all of a sudden you care about him doing the exact same thing the Bushes' did while you were "asleep at the wheel". |
i like 2012
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What a fucking moron! |
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Once again, you don't know the facts. |
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Lets get back to the question that started this thread, are you OK with the government doing deals like this for special groups? I mean the new healthcare law had over 30 groups that bought their way out of it with exemptions, you actually think thats right? Unions making special deals to get rich, then fund money back to the democrat party? You know being that you're too fucking stupid to comment on that |
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All you have is a big mouth with falsehoods and garbage spewing from it. You're lazy and good for nothing except ranting. You never have any facts correct and all your post are nothing but "hatorade" on Obama. :1orglaugh |
So wait a minute.. the Bush administration giving $800 billion, no strings attached to the banks.. that was just fine? Or do we just forget that because it was "in the past"?
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he always gets his nosed rubbed into real documented facts ... hilarious ... |
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A) GM is paying back it's loan. B) keeping GM afloat meant JOBS. That means people no longer collecting unemployment and welfare. And more people contributing to the tax base. C) when these companies pensions go belly you you do realize that has been a government program around for DECADES that takes over the pensions. At taxpayer expense as you say. I don't see how selling stock is costing tax payers a penny. Try educating yourself more and hating less. If someone said Obama was baby raper you believe them. Use your fucking brain. |
Many persons held the common stock of General Motors PRE BANKRUPTCY ? these investors were wiped out by the bankruptcy. |
and how much money do the repubs get from big business? its all a bunch of shit in the end anyways. you can advertise as much as you want but you can't buy votes.
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article makes some sense on some point
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A massive loss of money on an investment is a success and a huge shortfall constitutes a "repayment" of a loan in Washington DC. Nothing new there.
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You guys can blame Bush all you want, I don't care, it's the democrats that the people voted out of office because they see whats going on, you guys are just too fucking stupid to see it. It's both parties thats doing this shit, but hey, hang on to that tired rant of it's Bushs fault |
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None of the bail outs should have ever happened. If you own/run a business then you should be able to pay for what you produce and still have a profit. If you can not do that then you are doing something wrong.
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edit: i forgot racists |
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This is the republican strategy spend spend and cry about spending when they arent in charge. Now the prez being black adds to the fire. They only care about getting back into power.
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When the new extreme righties start going after porn then its going to get interesting. They are all big jesus people that need to get reelected.
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fuck it, never mind....waste of time...
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