Archive for the ‘Unions’ Category

…is an absolute FAIL.

So, how’s that bailout working for you? Not so good you say.

Well, it’s worse than you think it is. And the SCOAMF wants to do this to other industries too. Socialism at it’s finest.

Obama’s ‘Success Story’ Headed for Bankruptcy

On the campaign trail, Barack Obama’s signature definition of “success” is the government bailout of General Motors. “I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he told an audience in Pueblo, CO last week. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.” That pronouncement should send a shiver up the spine of every American, due to an inconvenient reality: according to Forbes Magazine, GM is likely headed for bankruptcy all over again.

The numbers are stark. The 500,000 shares of GM stock, comprising 26 percent of the company owned by the government–or more accurately the American taxpayer–sold for $20.21 on Tuesday. This left the government holding $10.1 billion worth of stock representing an unrealized loss of $16.4 billion. Even worse, in order to reach the break-even point, the stock would have to sell for around $53 per share.

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…another 15%.
Doesn’t sound like much right?
Well, until you look at what 15% is of course.

Yeah, that would be another $21 BILLION.

Hope. Change. Fail.

Taxpayers to Lose $25 Billion on Auto Bailout, Not $3.3 billion

Surprise! The Treasury underestimated how much money taxpayers would lose on the auto bailout by 15 percent or $21.7 billion. That’s right, they missed the estimate by $21.7 billion.

The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast.

In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.

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…while union members pensions made complete.

More lies form the Obama Administration, the Treasury Department, and unions.

 When are people going to figure it out? This is THE MOST CORRUPT Administration, ever.

Hope and change my ass.

Unions SUCK!

Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions

Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.

The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law.

Delphi, a General Motors company, is one of the world’s largest automotive parts manufacturers. Twenty thousand of its workers lost nearly their entire pensions when the government bailed out GM. At the same time, Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.

via Emails: Treasury drove cutoff of non-union Delphi pensions | The Daily Caller.

…shoveling bullshit. Unions are a big part of what’s wrong with America. Unions suck!

This has a good explanation rebutting the moron over at the WAPO in regards to unions and the Knox v. SEIU and Citizens United decisions.

Unions suck.

Overdue Backlash Against Public Employee Unions Has Liberals Freaking Out

One of the great gifts liberals benefited from before the rise of conservatism and conservative alternate media, is that so much of their policy preferences were treated as dogma. The media and many other public institutions (think schools) tended to share a similar outlook so public questions were generally “how much more” should something be done not, “should it be done at all”.

via Overdue Backlash Against Public Employee Unions Has Liberals Freaking Out.

This comes from the CATO Institute and is a real eye opener. You keep hearing teachers and teacher’s unions crying for more money because “it’s for the children,” but have you taken a look at the numbers of teachers hired vs. student enrollment vs. cost over time from 1970 to today?

You’ll be sick.

Obama vs. Romney on Public School Jobs

Posted by Andrew J. Coulson

In a high-profile presser on the economy last Friday, President Obama’s central proposal was to hire more public employees. Then, in his weekly address, he argued that hiring more public school teachers would allow the U.S. to educate its way to prosperity. His Republican presidential rival, Governor Romney, has recommended precisely the opposite: reducing the size of government to boost private sector job growth–and he, too, mentions public school teachers. So… who’s right?

First, let’s look at public school employment and student enrollment over time.

Read more: Obama’s Stock Answer: ‘More Government’

And another slap in the face of unions. The more slap downs the better. In this case, their scheme of trying to shorten voting time, which inhibits employers from voicing their side of the argument against unions, was slapped down by a federal judge because the vote for it was done without a quorum.

Good shit.

NLRB Rule Speeding Union Elections Thrown Out by Judge

A rule change by the National Labor Relations Board that allows for faster votes on union elections was thrown out by a federal judge who said the agency lacked a quorum when it approved the measure.

U.S. District Judge James Boasberg said only two of the three members of the board required to constitute a quorum actually voted on the rule. He said representation elections will have to continue under previously established procedures unless the board votes with a proper quorum. The rule went into effect on April 30.

“According to Woody Allen, eighty percent of life is just showing up,” Boasberg wrote in an opinion issued today. “When it comes to satisfying a quorum requirement, though, showing up is even more important than that.”

The rule change, challenged in court by the U.S. Chamber of Commerce, simplified and shortened balloting at a time when the unionized share of the workforce is falling, according to labor relations consultant Phillip Wilson. The compressed schedule could have cut the time permitted for voting in half to as few as 15 days, Wilson said.

Unions win 87 percent of elections held 15 days or less after a request, a rate that falls to 58 percent when the vote takes place after 36 to 40 days, according to a February report by Bloomberg Government.

via NLRB Rule Speeding Union Elections Thrown Out by Judge – Businessweek.

This comes from the National Right to Work Committee. It’s time to end unions. They are outdated and are merely a shill for Democrats. The violence that they perpetuate on other people that are not union almost always goes unpunished.

Watch this:

This is a follow up to my post yesterday. Kalifornia is really boned. And the masses are out protesting and will likely get violent. Enjoy your Communist holiday.

California by the numbers

by J.E. Dyer

The weekend produced a spate of dang-this-is-bad articles on the economic situation in California. Steven Greenhut’s for the Orange County Register is entitled “California to middle class: drop dead.” At The Daily Beast, Joel Kotkin laments that “As California Collapses, Obama Follows its Lead.” (H/t – and a “Read it, people!” shout-out – to Ed Driscoll at PJM.)

But what does all this look like in terms of numbers? What’s the how much and where and whom of the Golden State collapse? Perhaps the most interesting and telling thing is that it really is as bad as it looks. And the reasons are pretty much what you’d expect. Here’s the California story, in numbers.

According to a March 2012 report, 855,000 is how many private-sector jobs California has lost since the recession started four years ago. (H/t: California Political News & Views.) The state today enjoys an unemployment rate of 11%, compared with the official national average of 8.3%

Texas, by contrast, has added 139,800 jobs, posting the biggest absolute gain among the 50 states. (California’s is the biggest absolute loss.) Texas’ unemployment rate is 7.1%. Number 3 on the job-growth list? The District of Columbia, with 21,000 added private-sector jobs. Government is big business.

via California by the numbers « Hot Air.

Don’t know if this will get any traction, but I’m hopeful. It’s in conjunction with a private company that the NLRB is trying to force unionization on. 

GOP senators sue Obama over sham labor board nominees | Washington Examiner

In a double-barrelled blast at President Obama, Senate Republicans today moved to join a lawsuit challenging the White House’s Christmas “recess appointment” of National Labor Relations Board members even though the Senate was technically in session. To handle their case, they hired Miguel Estrada, who in 2002 became the first-ever judicial nominee to be torpedoed by a Democratic filibuster.

Senate Minority Leader Mitch McConnell said that his side would join a suit brought by Noel Canning, a family-owned business in Washington State that bottles and distributes soft drinks. The company is challenging the NLRB’s determination that it must enter into a collective bargaining agreement with a labor union.

Canning’s suit charges that Obama appointments were not lawful because the Senate had scheduled frequent pro-forma sessions to block recess appointments–which the president ignored. Typically nominations to the labor board would be voted on by the Senate.

“The president’s decision to circumvent the American people by installing his appointees at a powerful federal agency, when the Senate was not in recess, and without obtaining the advice and consent of the Senate, is an unprecedented power grab,” McConnell said. “We will demonstrate to the court how the president’s unconstitutional actions fundamentally endanger the Congress’s role in providing a check on the excesses of the executive branch.”

via GOP senators sue Obama over sham labor board nominees | Washington Examiner.