Wisconsin’s Woes

The unions have rallied the troops and brought in reinforcements from outside of Wisconsin to protest Governor Scott Walker’s budget proposal. The democrats have taken their wagon and fled across state lines to prevent a vote on the budget. Wisconsin physicians or physician impersonators (either way this appears to be a considerable ethical and legal violation) handing out “sick” notes to anyone at the protest to turn …

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UAW Hits Ford

This weekend, United Auto Workers employed by Ford Motor Company have rejected contract changes that would have allowed Ford to bring their costs more inline with GM and Chrysler. Ford of course was the one U.S. automaker who managed to remain financially strong enough that they didn’t need government bailouts or to file for bankruptcy as GM and Chrylser both did. From the Wall Street Journal: GM …

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Financial Headlines

A quick look at financial headlines this morning: GMAC is asking for more taxpayer money to help them out of their financial woes. This will be the THIRD bailout for GMAC, having received $12.5 billion dollars in the last 10 months. Their new request is for $2.8 to $5.6 billion dollars. It was in November of 2008 that GMAC announced plans to become a “bank” so they …

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AIG Employees receive retention bonuses and then leave?

AIG has been under fire for paying out more than $165 million in bonuses after receiving more than $170 billion of our money to save their company from the mess these same employees created!What’s worse than that, is AIG has claimed they have to pay the bonuses to retain good employees (these yahoos could hardly be considering “good” employees). So, bonuses paid and employees leave the company …

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