Tuesday, February 28, 2012

Obama's Big Bailouts of GM The Hill's Transportation Report

Obama slams Romney, Santorum at political pep rally with UAW - The Hill's Transportation Report


NO ONE KNOW HOW TO CON AN AMERICAN WORKER THAN THE LA RAZA PRESIDENT THAT HAS SABOTAGED E-VERIFY ALL OVER THE NATION TO PUT ILLGALS IN OUR JOBS AND TURNED HIS DEPT. of LABOR UNDER LA RAZA SUPREMACIST HILDA SOLIS INTO AN UNEMPLOYMENT OFFICE FOR ILLEGALS!



THIS IS OBAMA’S REAL BAILOUT OF G.M.:

“The record profits owe largely to the cuts imposed on auto workers in the United States and Canada, under the auspices of the United Auto Workers and Canadian Auto Workers unions, including a new starting wage of barely $14 an hour, half the basic wage for longtime workers, and cuts in health benefits, pensions and health care for retirees.”

GM posts record profits, prepares more cuts

By Patrick Martin
18 February 2012

General Motors reported a record $7.6 billion profit for 2011 Thursday, but the largest US automaker made clear that it would continue to pursue cuts in jobs, wages and benefits for its worldwide workforce, with the direct assistance of the United Auto Workers.

It was the eighth consecutive quarterly profit for the company since its forced bankruptcy in 2009, but the smallest during that period, a signal that further cost-cutting measures will be demanded by the financial markets. Worldwide revenues rose 11 percent to $150.3 billion, but profits soared 62 percent compared to 2010.

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