Monday, November 29, 2010

All animals are equal, but some animals are more equal than others....Unions, for example

The ROI on their $400 Million investment to elect BHO (much of it borrowed) has to be spectacular.  Hat tip, Contentions

More evidence that the GM bailout was no success for the taxpayers. The union? Well, that’s another story. “General Motors Co.’s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company’s union. Thanks to a generous share of GM stock obtained in the company’s 2009 bankruptcy settlement, the United Auto Workers is well on its way to recouping the billions of dollars GM owed it — putting it far ahead of taxpayers who have recouped only about 30 percent of their investment and further still ahead of investors in the old GM who have received nothing.”

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