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Workers Get $7,000 Paydays After GM's Most Profitable Year [Taxpayers provide profit for UAW]
atlanticwire ^ | 2/16/2012 | Dino Grandoni

Posted on 02/17/2012 2:58:09 AM PST by SoFloFreeper

General Motors has posted its most profitable year ever in 2011, coming a long way since being bailed out in 2008 and going bankrupt in 2009... And as a reward of the banner year, GM "says union workers will get $7,000 profit-sharing checks."

(Excerpt) Read more at m.theatlanticwire.com ...


TOPICS: News/Current Events
KEYWORDS: michigan; obama; payoff; thugs
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The writer of the article bashed the Republicans running for office by saying the bailout "worked".

The bailout did not work. The bailout stiffed bondholders and used the taxes paid by successful car companies to bail out a competitor.

Now Obama is paying off the unions right before an election while apparently GM still owes the taxpayer $20 billion.

47,500 union workers are going to get $7,000 checks, courtesy of you and I.

1 posted on 02/17/2012 2:58:17 AM PST by SoFloFreeper
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To: SoFloFreeper

One more observation: a media that regularly bashes Exxon for having its “most profitable year ever” is VERY EAGER to have a self-induced orgasm over the fake profitable year that GM is experiencing.

Got hypocrisy?


2 posted on 02/17/2012 3:03:48 AM PST by SoFloFreeper
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To: SoFloFreeper
UNION 1
American taxpayer 0
3 posted on 02/17/2012 3:07:39 AM PST by DeaconRed (Cold War Veteran. . . . US Army Security Agency 1964-1968)
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To: SoFloFreeper

Mitt Romney has repeatedly said the bail out would not work and now he’s in Michigan praising it be cause “it worked” and he was for it all along.

Is Mitt great or what, either way he’s right dammit! That’s what happens when one’s on both sides of the issue.


4 posted on 02/17/2012 3:25:52 AM PST by Graybeard58 (Eccl 10 v. 19 A feast is made for laughter, and wine maketh merry: but money answereth all things.)
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To: All

“I have no problem with private-sector unions,” Santorum said in his remarks on Thursday. “I think they play a role in society.”


5 posted on 02/17/2012 3:27:32 AM PST by Irenic
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To: SoFloFreeper

My best friend is an engineer for GM so he is salaried. The Union/Owner is freezing their pay but giving the rank and file seven grand.

I have seen both sides of GM. The salaried/engineering side and the line worker/floor labor side. If anyone deserves a raise it is not the brain dead, lazy, slacker people on the line.


6 posted on 02/17/2012 3:27:59 AM PST by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: OldMissileer

Boycott GM until the government is out of the auto business.


7 posted on 02/17/2012 3:34:40 AM PST by bmwcyle (I am ready to serve Jesus on Earth because the GOP failed again)
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To: SoFloFreeper

Who says, crime does not pay?


8 posted on 02/17/2012 3:38:09 AM PST by ravenwolf (reIf you believe that Nero was the anti-Christ, and among othJust a bit of the long list of proofsre)
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To: SoFloFreeper

Another payout to the jack-booted thugs. Obama’s army, paid for by you and me.


9 posted on 02/17/2012 3:39:23 AM PST by Edgar3 (Don't THREAD on me!)
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To: SoFloFreeper

GM still owes a pantload of money back to the taxpayers.


10 posted on 02/17/2012 3:43:53 AM PST by hattend (Jesus wants me to make churches pay for abortions. - Barack Obama)
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To: SoFloFreeper

.......if you don’t have to pay taxes for 10 years you can afford to give bonuses.


11 posted on 02/17/2012 3:49:36 AM PST by Recon Dad (Gas & Petroleum Junkie)
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To: bmwcyle
Boycott GM until the government is out of the auto business.

I am looking to purchase a vehicle. Although I have stopped buying new I will not even purchase a used GM or Chrysler let alone a new one.

12 posted on 02/17/2012 3:52:59 AM PST by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: SoFloFreeper

No bonuses for the evil “regular” guys on Wall Street though.


13 posted on 02/17/2012 3:57:00 AM PST by jersey117 (Perry 2012)
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To: OldMissileer

This is the equivalent of giving stupid people a turkey and getting their vote. Shouldn’t the bond holders who were stiffed and the taxpayer who is taking it up the a** get this money. What a sham. What a shame. Boycott Government Motors.


14 posted on 02/17/2012 3:57:40 AM PST by hal ogen (1st Amendment or Reeducation Camp?)
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To: OldMissileer

I just bought a new pickup. The bailout issue primarily was the reason I chose a Toyota. I had driven Chevy’s all my life before.


15 posted on 02/17/2012 3:59:25 AM PST by Quickgun (Second Amendment. The only one you can put your hands on.)
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To: hal ogen

I’m in the market for a car and I totally plan to boycott them. Let them spend themselves into bankruptcy


16 posted on 02/17/2012 4:01:08 AM PST by jersey117 (Perry 2012)
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To: SoFloFreeper

As a condition of receiving the bonus, I’d like to see that each eligible employee get past an IRS audit. It’s only fair...


17 posted on 02/17/2012 4:06:18 AM PST by equaviator ( "There's a (datum) plane on the horizon coming in...see it?")
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To: SoFloFreeper

Definition of Democrat "bailout" = Unions steal Taxpayers and Shareholders money

18 posted on 02/17/2012 4:08:46 AM PST by SkyPilot
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To: Quickgun

Made in Texas? Good on ya!


19 posted on 02/17/2012 4:11:07 AM PST by FreedomPoster (Islam delenda est)
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To: SoFloFreeper

Bush bailed out the failing banks, why can’t Obama bailout GM and Chrysler? I think the GOP will lose out on this argument if their leader GWB bailed out the banks and Wall Street. This is what happens when the RINO caves in on socialism because they pull the leg out from Conservatives on free markets. If one argues against GM/Chrysler bailout which benefits blue collar workers, then from Main Street middle class viewpoint, GOP will help Wall Street bankers but screw Joe the Blue Collar. Obama gets the PR victory on this one. Once we bailed out the banks/Wall Street, the GOP lost moral grounds against bailouts. You are correct, UAW gets bonuses from taxpayers, but so did Wall Street/Bank CEO’s.


20 posted on 02/17/2012 4:12:12 AM PST by Fee
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To: jersey117
I’m in the market for a car

Have I gotta deal for you!

And after a thorough "Self Investigation" by the Obama Administration (with total cooperation from Government Motors and the UAW) that lasted an exhausting 3 days, this car has been re-certified as 100% US Government Approved Safe! Happy days!

Head to your Chevy dealer for yours....now!


21 posted on 02/17/2012 4:13:52 AM PST by SkyPilot
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To: All

all these union members are about to become democrat donors, using tax payer dollars.. again


22 posted on 02/17/2012 4:15:58 AM PST by newnhdad (Soylent green is people..)
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To: SoFloFreeper

Inflation is pretty bad lately. Gas is up, food is up, and the price of votes is through the roof.


23 posted on 02/17/2012 4:18:47 AM PST by Fresh Wind ('People have got to know whether or not their president is a crook.' Richard M. Nixon)
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To: SoFloFreeper

bookmark


24 posted on 02/17/2012 4:25:39 AM PST by corlorde (Drone strikes: the preferred method of killing by Nobel peace prize winners since 2009)
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To: Fee

Good point. The Republicans don’t have a leg to stand on.


25 posted on 02/17/2012 4:28:30 AM PST by caver (Obama: Home of the Whopper)
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To: SoFloFreeper

I am glad you mentioned the bondholders.

But let’s face it, they didn’t just get stiffed out of their investment. It was stolen in all the hyperbole of panic talk.

That money, those checks...belong to the bondholders or need to go to cutting the defict.


26 posted on 02/17/2012 4:29:40 AM PST by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Fee

A great number of republicans voted against the tarp bailouts. Remember it was Pelosi, Reid and the Democrats toasting and celebrating the passage of Tarp. They were the majority party.


27 posted on 02/17/2012 4:29:57 AM PST by ilgipper (Everything you get from the government was taken from someone else)
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To: SoFloFreeper
I'll drive a ****ing Yugo before I buy another pos gm union turd... and I am a lifelong gm man... but never again.

LLS

28 posted on 02/17/2012 4:31:13 AM PST by LibLieSlayer (Hey repubic elite scumbags... jam mitt up your collective arses!)
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To: SoFloFreeper

As a taxpayer I thrilled about this. Because it means now GM can finish paying us off. /sarc


29 posted on 02/17/2012 4:32:54 AM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: SoFloFreeper

Everyone gets screwed except the drooling screw turners.


30 posted on 02/17/2012 4:33:21 AM PST by WackySam (Obama got Osama just like Nixon landed on the moon.)
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To: All
Bank robbery? Yes but money used for good purposes
Bank Money Benefitted Group
"It worked!" supporters declare.
31 posted on 02/17/2012 4:33:21 AM PST by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Quickgun

I am leaning towards an Alabama built Toyota pickup myself.

LLS


32 posted on 02/17/2012 4:33:36 AM PST by LibLieSlayer (Hey repubic elite scumbags... jam mitt up your collective arses!)
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To: Fee

The banks paid the taxpayers back with interest. Try again.


33 posted on 02/17/2012 4:34:14 AM PST by Keeper of the Turf (Fore!!!)
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To: SoFloFreeper

It’s a lot easier to make a profit when you have a huge debt erased, and are made free from future tax bills...


34 posted on 02/17/2012 4:34:51 AM PST by ltc8k6
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To: Fee

The bank bailout was approved by the Demonrat controlled House and Senate before Bush signed on. And Junior senator B Hussein Obama voted “yes” to those actions.

Moreover, Bush only authorized one half of the TARP funds....he insisted the next administration determine whether it was really needed. Obama spent it immediately.

So Obama spent as much on the bank bailout as Bush.

I agree with you that Bush should not have bailed out the banks...but the bulk of blame lies with the Democrats.


35 posted on 02/17/2012 4:36:46 AM PST by SoFloFreeper
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To: Fee

The bank bailout was approved by the Demonrat controlled House and Senate before Bush signed on. And Junior senator B Hussein Obama voted “yes” to those actions.

Moreover, Bush only authorized one half of the TARP funds....he insisted the next administration determine whether it was really needed. Obama spent it immediately.

So Obama spent as much on the bank bailout as Bush.

I agree with you that Bush should not have bailed out the banks...but the bulk of blame lies with the Democrats.


36 posted on 02/17/2012 4:37:35 AM PST by SoFloFreeper
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To: Quickgun
I just bought a new pickup. The bailout issue primarily was the reason I chose a Toyota. I had driven Chevy’s all my life before.

I grew up in a GM town. Corporate HQ of Oldsmobile, Lansing, Michigan. Because of that I was never enamored of GM vehicles as they were just to prevalent so I went with Fords for much of my young adulthood.

The only GM vehicles I have owned were two Corvettes. I am in the market for a SUV, not a pickup, that can tow a medium sized camping trailer weighing about 6000lbs.

I have purchased so many new vehicles I have decided I do not want to any more.

37 posted on 02/17/2012 4:39:56 AM PST by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: SoFloFreeper

Does everybody remember the AIG bonus flap? Remember the outrage?


38 posted on 02/17/2012 4:54:11 AM PST by fhayek
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To: SoFloFreeper
meanwhile GM refuses to stand behind their pre bankruptcy products and won't own up to recalling or fixing their Chevy Impala. If your looking at used cars, google the Chevy Impala and GM’s refusal to stand behind their vehicles. FU GM.
39 posted on 02/17/2012 4:55:54 AM PST by Free_in_Alabama (The average citizen is too lazy to steal from you, instead they are asking the government to do it)
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To: Graybeard58
Mitt Romney has repeatedly said the bail out would not work and now he’s in Michigan praising it be cause “it worked” and he was for it all along. Is Mitt great or what, either way he’s right dammit! That’s what happens when one’s on both sides of the issue.

On the radio yesterday they said Mitt was running ads against the union in Michigan. Wonder what the truth is here?

40 posted on 02/17/2012 5:02:25 AM PST by Hattie
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To: Quickgun

You purchased the better product and the resale value is going to be way better than a Chevy.


41 posted on 02/17/2012 5:06:36 AM PST by RedhairRedhair (I STILL love my (scab made) Toyota)
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To: SoFloFreeper

Unbelievable.


42 posted on 02/17/2012 5:11:23 AM PST by Girlene
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To: SoFloFreeper

So let me get this straight... They are giving union hacks bonuses while still owing the taxpayers billions...and the media thinks this is a good thing?

We are so screwed.


43 posted on 02/17/2012 5:34:31 AM PST by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: Quickgun
I just bought a new pickup. The bailout issue primarily was the reason I chose a Toyota. I had driven Chevy’s all my life before.

That's good...You won't have to worry about American blue collar workers getting more money than you think they deserve...All that extra cash will go straight to Japan...

44 posted on 02/17/2012 5:59:46 AM PST by Iscool (You mess with me, you mess with the WHOLE trailerpark...)
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To: newnhdad
all these union members are about to become democrat donors, using tax payer dollars.. again

And the bankers are about to become Republican donors, using taxpayer dollars, again...

Problem is, there are a far sight more Democrat union members than there are Republican bankers...

Not too tough to figure out who has the better strategy...

45 posted on 02/17/2012 6:05:27 AM PST by Iscool (You mess with me, you mess with the WHOLE trailerpark...)
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To: Graybeard58

I watched most of one stumped speech Romney made in Michigan and he did not say it worked. He says that an orderly bankruptcy would have had the same result. He said it was a give away to the unions.


46 posted on 02/17/2012 6:11:06 AM PST by frank46
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To: Graybeard58

I watched most of one stumped speech Romney made in Michigan and he did not say it worked. He says that an orderly bankruptcy would have had the same result. He said it was a give away to the unions.


47 posted on 02/17/2012 6:11:20 AM PST by frank46
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To: SoFloFreeper

So, the combination of not paying any corporate taxes, not paying back tax payers for TARP or their multiple Bailouts, robbing the bond holders and GM China having a bumper year, we now have claims of profit...and that’s a model for corporate success! Yeah...right....I wonder if any Chinese GM workers are getting a tax payer bonus??


48 posted on 02/17/2012 6:15:56 AM PST by PLM
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To: SoFloFreeper

So, the combination of not paying any corporate taxes, not paying back tax payers for TARP or their multiple Bailouts, robbing the bond holders and GM China having a bumper year, we now have claims of profit...and that’s a model for corporate success! Yeah...right....I wonder if any Chinese GM workers are getting a tax payer bonus??


49 posted on 02/17/2012 6:16:11 AM PST by PLM
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To: SoFloFreeper

So, the combination of not paying any corporate taxes, not paying back tax payers for TARP or their multiple Bailouts, robbing the bond holders and GM China having a bumper year, we now have claims of profit...and that’s a model for corporate success! Yeah...right....I wonder if any Chinese GM workers are getting a tax payer bonus??


50 posted on 02/17/2012 6:16:16 AM PST by PLM
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