GM Workers Get The Bonuses - Shareholders Get Nothing

A good piece by AWD. General Motors will pay more than $189 million in profit-sharing to 48,000 U.S. hourly workers and millions more in performance bonuses to salaried employees. The payments come less than two years after the automaker emerged from bankruptcy protection with the help of a huge government bailout. So, to sum up - the tax payer bails a company out of bankruptcy - bankruptcy caused by bloated Union salaries, pensions and entitlements - and then gives the workers (who should be kissing the tax payer's feet for their having a job) a bonus for making a profit - ahead of paying back the tax payer loan they received in the first place! This only makes sense to the deranged lefties and union people/supporters.  

The only thing Angry White Dude loves more than selling his children off for medical experiments is paying 48,000 union thug employees $4,000 bonuses after bailing out their broken, bloated car company with MY TAX DOLLARS!!!

The AP wrote:

The payments, disclosed Monday in company documents, are similar to bonuses announced last week for white-collar employees. The bonuses to 76,000 American workers will probably total more than $400 million — an amount that suggests executives have increasing confidence in the automaker’s comeback.

In the four years leading up to its 2009 bankruptcy, GM piled up more than $80 billion in losses and was burdened by enormous debt and costly labor contracts.

Here’s the deal. Companies that received bailout money from the government (i.e. taxpayers) should NOT BE PAYING BONUSES to their employees! Unless the bonus is paid to the taxpayers that bailed the broken, bloated company. Because each of those union bonus recipients is lucky to have a job. And, I must point out, it is their higher-than-industry-standard pay and benefits that made and make the GM business model a failure in the first place!

The government (taxpayers) still own 12 percent of GM. Send the $4,000 to me! When was the last time any of us got a $4,000 bonus? Of course, we’re not union employees who helped elect the most corrupt president of all time!

Barack Obama, it seems, it inviting Egyptian-style riots from taxpayers. His corrupt partnership with corrupt labor unions who spend tens of millions on his campaigns are just kicking the tea party lion. Hardly a day passes, when we are not shocked by what passes for governance these days at the hand of Hussein! China and Russia couldn’t do much more damage to us if they tried. Hell, maybe they are! I don’t know which country Obama benefits but it sure isn’t America!

Hey unemployed Americans! Maybe the union thugs at GM are hiring! Yeah, right! Hey Hussein! Give us our $400 million! Screw the UAW! Maybe it’s time to kick Mubarak Obama out of power!

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