GM Bailout Douses Taxpayer

GM's stock offering had the purpose of paying back $50 billion bailout it received from taxpayer money. The UAW however made out much better than the taxpayers or other investors.

Taxpayers taking a bath
You come after special interests

UAW got a generous share of GM stock in the company's bankruptcy settlement, so the United Auto Workers are well on their 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 way ahead of investors in the old GM who have received nothing.

The boon for the union fits the pattern established when the White House pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the union ahead of many suppliers, dealers and investors - stakeholders that ordinarily would have fared as well or better under the bankruptcy laws.

The White House's auto task force engineered the bankruptcy and showed once again how the White House  handsomely rewarded its political allies.

The union's health care and pension trust fund earned $3.4 billion through the sale of one-third of its shares in GM last week. Analysts estimate that the UAW would break even if it sells the remaining two-thirds of its shares at an average price of $36. GM shares closed at $33.45 on Wednesday.

For taxpayers to break even the stock would have to rise to at least $52 and by some estimates as high as $103 - levels that would take years to achieve.

Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

Litmus test

A Jewish group applied for non-profit status with the IRS and claims the Internal Revenue Service is targeting pro-Israel groups. They introduced a letter from an IRS agent in federal court this past week that they claim is outside appropriate scope of an IRS inquiry.


"Does your organization support the existence of the land of Israel?" IRS agent Tracy Dornette wrote the organization, as part of its consideration of the organizations application for tax exempt status. The IRS agent reviewing the application for tax exempt status said the agency is "carefully scrutinizing organizations that are in any way connected with Israel" and that "a special unit" is determining whether its activities "contradict the Administration's public policies."

Imagine if the Administration frowned upon Polish organizations supporting Poland.

Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

3 Year Old Pat Down

Touching your kid's junk.



Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

Secure Bikini

Why not just make this a nude society?




Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

Big Sis Sucks

Treating your own citizens with less respect than an enemy.



Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

Ain't so GREEN

Finally, Al Gore says, corn-based ethanol is not a good policy.

Total U.S. ethanol subsidies reached nearly $8 billion last year.

Any second rate physics or chemestry professor can tell you it takes about as much energy to produce a gallon of ethonol as it gives.

Gore explained his own support for the original programme on his presidential ambitions at a conference in Athens, Greece.

Dupek!

Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.

TSA Perverts

Perverted TSA (Transportation Security Administration) admitted an airport passenger screening went too far when an officer reached inside a female traveler's underwear. The woman was an employee of ABC News and the incident happened at Newark Airport one of 3 major airports serving NYC.


The victim said, "The woman who checked me reached her hands inside my underwear and felt her way around. It was basically worse than going to the gynecologist. It was embarrassing. It was demeaning. It was inappropriate."


The 7 year old granddaughter of a passenger was mortified seeing her busia get a "feel down" at the airport. When her granddaughter saw the pat down, “She said, "Grandmama, they touched you on your special girl spots" according to ABC News.

In another incident a bladder cancer survivor named Tom Sawyer said he was humiliated after a pat down broke his urostomy bag, leaving him soaked in his own urine. Sawyer said he warned the TSA officials twice the pat down could break the seal. He had to ask permission to pull up his urine soaked underpants and unfortunately he smelled of pee.

A flight attendant and breast cancer survivor said the TSA made her take off her prosthetic breast.


Complaints to the TSA get the responce - you don't have to submit to the body scanners or the pat downs adding though, that travelers would have to find a different form of transportation.


A video of a father taking his young son's shirt off so he can be searched has gone viral online with nearly half a million views in just three days. See below. Child molesters in general society got to jail.




Multimillion dollar deals with the government for high tech scanners that show too much under the clothes are made by companies who spend millions of dollars in lobbying to influence the dupki you vote into Congress.


L-3 Communications, which has sold $39.7 million worth of the machines to the federal government, inclued lobbyists like Linda Daschle wife of digraced South Dakota Senator Tom Daschle. She's a prominent Democratic figure in Washington, and is a former Federal Aviation Administration official.


The TSA maintains the aggressive "feel downs" are an important measure in preventing any exploding device from making it onto a plane. Change you can believe in is intrusive and demeaning. We now have the equivalent of Airport Gestapo. El Al the Israeli Airline has little problems with their methods of screening and has been keeping their passengers safe for decades without all the ridiculous aforementioned crap.


Keep voting the same dupki into office on the federal, state and local levels and put another industry out of business.


Idioci w naszym rządzie. Idź do piekło. Jesteś zabicie tego kraju.