Jobless App's Fall, GM Hauls In $7.6BB! GOBAMA!!!

[JohnStOnge]

Seriously, Cap: Do you REALLY want that guy to be President again? Or is it really you're just looking for reactions?

I mean, he probably WILL be President again. But is that REALLY what you want? Be honest.

[BDKJMU]

Weird. So white Dems are classified as...?

Unenlightened, liberal loons.

FIFY, since liberals are afraid to call themselves liberal...

[Cap'n Cat]

yes...all hail Obama

GM Pays Less Tax Than Buffet’s Secretary; UAW Gets Bonuses
National Legal & Policy Center ^ | February 16, 2012 | Mark Modica

General Motors reported year end earnings figures today. The company made about $9 billion dollars in 2011. How much of its "fair share" is GM paying in taxes? Zero. In fact, from GM's financial report, they actually received a "benefit" of $110 million for the year.

The UAW benefited as well, as they are set to receive $7,000 per worker in profit sharing bonuses.
The sweet tax deal GM receives was set up by the Obama Administration as the company was granted a multi-billion dollar tax credit for loss carry-overs when they exited their bankruptcy proceeding.

Normally, the company would not have received the tax credit but the bankruptcy process was anything but normal. Creditors were put in the back of the line to protect UAW interests and tax code was changed so that GM could profit for years without paying its fair share in taxes. President Obama now campaigns on the perceived success at GM and any help he can give to the company will result in additional votes come November. As taxpayers lose out, GM profits and shares the wealth with the politically favored UAW.

Despite all the claims of sacrifices at the UAW, members continue to benefit as evidenced by the $7,000 profit sharing checks they will receive as a result of the wealth redistribution scheme orchestrated by the Obama Administration. Executives at GM seem to be doing pretty well also as they receive millions of dollars in stock options. For their part, the UAW has agreed to strongly support the President come election time. And the hypocrisy of GM's tax deal is obvious as Obama makes claims that corporations need to pay their fair share. Crony corporations like GM and General Electric (which also is known to avoid taxes) are conveniently left out of the criticisms.

Also on the favored list are wealthy purchasers of Chevy Volts who receive federal tax credits of $7500 to buy the cars. President Obama wants the rich buyers to have even more wealth redistributed to them in the form of higher credits, which he reportedly wants to raise to $10,000.

The GM earnings report seems to be getting favorable reviews as the share price rose on the news. Considering the $50 billion that taxpayers forked over to bailout GM along with the sweet tax deal, it is understandable that the company seems to be on the road to recovery. There was some evidence of roadblocks, however, as European woes surfaced and pension obligations rose to over $25 billion. Government Motors has recently announced that non-union salaried employees will have their pensions frozen. The company also is looking in to cutting white collar workers. It seems that the goal of job creation and preservation at GM only applies to union workers.

I can not fault the individual UAW workers at GM for benefiting from the political actions of the Obama Administration and GM. I'm sure many of them are hard working individuals. The problem is, most of the rest of us do not have the benefit of belonging to politically favored unions. Non-union taxpayers are picking up the tab for those favored classes that help with President Obama's election campaign. And that's just not "fair."

Mark Modica is an NLPC Associate Fellow.
http://nlpc.org/stories/2012/02/16/gm-p ... aw-profits" onclick="window.open(this.href);return false;

NLPC - another Conk jack towel and toilet paper substitute.....



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[Cap'n Cat]

Seriously, Cap: Do you REALLY want that guy to be President again? Or is it really you're just looking for reactions?

I mean, he probably WILL be President again. But is that REALLY what you want? Be honest.

St. Wronge, you're so filled with hate that you're blind.

[Cap'n Cat]

Unenlightened, liberal loons.

FIFY, since liberals are afraid to call themselves liberal...

Better dead than red (state).

[kalm]

Unenlightened, liberal loons.

FIFY, since liberals are afraid to call themselves liberal...

Give us your definition of "liberal"

[Ivytalk]

FIFY, since liberals are afraid to call themselves liberal...

Give us your definition of "liberal"

I identify with many of the tenets of Lockean liberalism. His two Treatises on Government were on my reading list in college.

[CitadelGrad]

Give us your definition of "liberal"

I identify with many of the tenets of Lockean liberalism. His two Treatises on Government were on my reading list in college.

If you don't like Locke, then you probably don't care much for the Declaration of Independence. Jefferson plagiarized the hell out of Locke.

[UNI88]

Serves you right for buying American. My driveway is full of Hondas & a Toyota....

I've gone Nissan/Toyota after a couple of surprisingly good GM products.

Check the VIN, if it starts with a 1, the vehicle was assembled in the USA.

[UNI88]

FIFY, since liberals are afraid to call themselves liberal...

Better dead than red (state).

Cap'n, you should come back to Illinois and see how a totally blue state runs. A divided government is usually a good thing.

[kalm]

I identify with many of the tenets of Lockean liberalism. His two Treatises on Government were on my reading list in college.

If you don't like Locke, then you probably don't care much for the Declaration of Independence. Jefferson plagiarized the hell out of Locke.

The Harvard of the Palouse didn't require me to read Locke, but my basic understanding is that he was one of the original liberals. My basic understanding of Ivy had him pegged as an Edmund Burke guy.

[Ivytalk]

If you don't like Locke, then you probably don't care much for the Declaration of Independence. Jefferson plagiarized the hell out of Locke.

The Harvard of the Palouse didn't require me to read Locke, but my basic understanding is that he was one of the original liberals. My basic understanding of Ivy had him pegged as an Edmund Burke guy.

Locke was an original thinker who acknowledged the importance of markets, a sound currency, property rights, and religious tolerance. There's a lot in him to like. There's also a lot in Burke to like. We should all read those "old guys" more.

[kalm]

The Harvard of the Palouse didn't require me to read Locke, but my basic understanding is that he was one of the original liberals. My basic understanding of Ivy had him pegged as an Edmund Burke guy.

Locke was an original thinker who acknowledged the importance of markets, a sound currency, property rights, and religious tolerance. There's a lot in him to like. There's also a lot in Burke to like. We should all read those "old guys" more.

Agreed. They are both on my bucket list as my Rec Management degree from a directional university didn't require their reading.

[Ivytalk]

Locke was an original thinker who acknowledged the importance of markets, a sound currency, property rights, and religious tolerance. There's a lot in him to like. There's also a lot in Burke to like. We should all read those "old guys" more.

Agreed. They are both on my bucket list as my Rec Management degree from a directional university didn't require their reading.

I call BS on the "Rec Management" thing! Anyway, Burke's Speech to the Electors of Bristol should be required reading for every member of Congress, and they should be publicly flogged if they don't.

[Cap'n Cat]

Agreed. They are both on my bucket list as my Rec Management degree from a directional university didn't require their reading.

I call BS on the "Rec Management" thing! Anyway, Burke's Speech to the Electors of Bristol should be required reading for every member of Congress, and they should be publicly flogged if they don't.

In their hearts, there isn't a damned thing wrong with neither liberals or conservatives. What grates people is the "electives" they choose to proselytize on.

[GannonFan]

The real question is what happens in Congress - can the GOP hold the House (likely) and can the Dems hold the Senate (less likely). Who wins the White House is going to be the least climatic of the races.

It's probably not going to matter much who wins the Senate unless they have 60+ seats.

Not true - the 60+ seats only matter for issue-related bills. For appropriation bills, you only need the simple majority in Congress to pass. And frankly, with things in the Senate getting even more uncivil, the Dems have in some ways used the nuclear option the GOP was threatening last time they were in power. I would surely think the GOP would follow suit in that regard should they get the majority. Of course, that means a lot of vetos in the second term for Obama and the GOP unable to override the vetos, but it also could be a final test for Obama to see if he can work the magic he promised us and get a bipartisanship pulse back in Washington. I'm not sure he nor his GOP counterparts are up for it, but we'll probably see when he wins reelection in the Fall and the GOP takes over all of Congress.

[Cap'n Cat]

It's probably not going to matter much who wins the Senate unless they have 60+ seats.

Not true - the 60+ seats only matter for issue-related bills. For appropriation bills, you only need the simple majority in Congress to pass. And frankly, with things in the Senate getting even more uncivil, the Dems have in some ways used the nuclear option the GOP was threatening last time they were in power. I would surely think the GOP would follow suit in that regard should they get the majority. Of course, that means a lot of vetos in the second term for Obama and the GOP unable to override the vetos, but it also could be a final test for Obama to see if he can work the magic he promised us and get a bipartisanship pulse back in Washington. I'm not sure he nor his GOP counterparts are up for it, but we'll probably see when he wins reelection in the Fall and the GOP takes over all of Congress.

Ganny: Cap'n Cat's CS man crush.

[SeattleGriz]

http://www.nypost.com/p/news/business/p ... mhEEyMpmqJ" onclick="window.open(this.href);return false;

Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars.

With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — a surge that hobbles taxpayers and making the employment rate look healthier than it should as these people drop out of the job statistics.

“It could be because their health really is getting worse from the stress of being out of work,” says Matthew Rutledge, a research economist at Boston College. “Or it could just be desperation — people trying to make ends meet when other safety nets just aren’t there.”

As of January, the federal government was mailing out disability checks to more than 10.5 million individuals, including 2 million to spouses and children of disabled workers, at a cost of record $200 billion a year, recent research from JPMorgan Chase shows.

The sputtering economy has fueled those ranks. Around 5.3 percent of the population between the ages of 25 and 64 is currently collecting federal disability payments, a jump from 4.5 percent since the economy slid into a recession.

[Cap'n Cat]

http://www.nypost.com/p/news/business/p ... mhEEyMpmqJ

Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars.

With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — a surge that hobbles taxpayers and making the employment rate look healthier than it should as these people drop out of the job statistics.

“It could be because their health really is getting worse from the stress of being out of work,” says Matthew Rutledge, a research economist at Boston College. “Or it could just be desperation — people trying to make ends meet when other safety nets just aren’t there.”

As of January, the federal government was mailing out disability checks to more than 10.5 million individuals, including 2 million to spouses and children of disabled workers, at a cost of record $200 billion a year, recent research from JPMorgan Chase shows.

The sputtering economy has fueled those ranks. Around 5.3 percent of the population between the ages of 25 and 64 is currently collecting federal disability payments, a jump from 4.5 percent since the economy slid into a recession.

As the population grows, SeaTac, the numbers get bigger. What are U doing to reverse this trend, son?

[travelinman67]

Obama IS God.

Cappy, D1B, Jelly, dback, 93hen...

FIFY

Mindless puppets.

[Cap'n Cat]

Thanks, Tman!!

[SeattleGriz]

http://www.nypost.com/p/news/business/p ... mhEEyMpmqJ

As the population grows, SeaTac, the numbers get bigger. What are U doing to reverse this trend, son?

Had three interviews last week, and the wife and I are calling it quits on kids at two!

[Cap'n Cat]

As the population grows, SeaTac, the numbers get bigger. What are U doing to reverse this trend, son?

Had three interviews last week, and the wife and I are calling it quits on kids at two!

That's cool. Same with me and Mama Cat..