Arrogence that only Obamas boys can do
cousinmooch..., since I was one of the bondholders that Obama stole from I can say you are just a lier. Obama gave the UAW retires a much bigger share to buy their votes with my money. So now you know waht I think of you and your Socialist Obama. You are evil!!!!!!!!!!
Since the time of Wilson the Progressives have sawed and sawed and sawed at the branch holding our Constructional liberties, they are wreckers, destroyers, and saboteurs. With the election of Obama and the super majority in Congress of the far left Democrats; seventy two of which admit to being Socialists, we can now plainly see if we allow that limb to fall we will not fall to bed of roses, but rather into a Socialist cesspool full of barbed wire.
Three cheers for BO and the unions. See what GM just gave its employees, a minimum of $4,000 bonus. BO's goal is to have everyone belong to the union. Every one will have all the good benefits plus an income of $200,000/year. No one will be poor. Everyone will have all the goodies money can buy. Great luxuries, homes, cars, vacations, etc. Taxes will be divided among all the people.
THREE CHEERS FOR BO AND THE UNIONS. WOW.
Why is it that you mention UAW and the Obama adminstration? The GM bail-out is no different than the Bush Bank bail-out. Opps! The Bush bank bail-out cost the U.S. tax payer more than 10 times more.
Also, the GM mgmt. team will get a bonus of 50% of their base salary - these are the same guys that led the company into Bankrupty.
BHO voted for tarp
tarp funds where the very funds used for bailing out GM
tarp funds have been paid back except AIG
Kabook, I had forgotten about that lawsuit.
My understanding is this:
The basic contention was that Ford management encouraged employees to buy stock as part of a retirement plan during a time when management reasonably knew, but didn't disclose, that the stock would go down in value - thus committing fraud against the retirement plan participants.
It would appear that a tentative settlement has been reached. The plaintiffs will get 'financial advice' and possibly some money(see item 6 on the FAQ page).
The attorneys, on the other hand, will get nearly $1.5 million in cash.
If the plaintiffs accept the settlement, they don't have to do anything(see item 5 on the FAQ page for who's considered a plaintiff.). There's no way to opt out of it, either. People can object, but they can't opt out.
Look I have no real issue with but one thing
we the tax payer gave the UAW/GM billions
its the only reason there is a GM. that part of the UAW
Liberals think thats a good thing
that BHO had some hand in it
the UAW id stronger now than ever
And I am not convinced that this wreck would have been as we have been told
people buying cars would have not stopped because GM stopped building them