Good Money after Bad!

Well, I knew it couldn’t last. I tried it for 2 days but there’s too much good stuff to talk about involving money. And we’re talking your money, as well as, but mainly my money.

Note, I don’t mention Government money simply because the government doesn’t have any money. It has your money, our money, but mainly my money. Forgive me if I take this personally but my money is in my “Personal” checking account. So far at least.

As we speak, the United Auto Workers (UAW) is holding a convention at the 5 star Fontainebleau Resort in Miami, Florida. You would to have been in a coma to not realize that this union represents thousands upon thousands of members employed at the Big 3 and elsewhere. And that Big 3 has had two bailout payments so far and is asking for more.

Then earlier this week, GM’s own auditors, Deloitte & Touche LLC, raised severe doubts about its client’s ability to survive in its present form and reported that neither the auditor nor GM itself saw any sign of recovery. And where goeth GM, can the other two be far behind?

But it gets better. Wanna guess who was speaking to the assembled UAW multitude at the 5 star Fontainebleau Resort in Miami, Florida? No, I’d like to tell you it was Obama but he was too busy pissing off the Brits and hosting his Wednesday evening White House soirées. So he sent Biden but in order to maintain secrecy in the most “transparent administration ever”, the media would be excluded. Now we all know what that means. The left-wing media which is most of the American press and TV outlets would report nothing that reflected badly on this administration. And the ones who get “tingly legs’ whenever the subject comes up would applaud the statesmanship no matter how shameful the subject. So the agenda has to be pretty radical in order to exclude even these sycophants.

My sources tell me that at the top of the agenda is how to ram the Card Check Forced Unionism Bill through Congress as soon as possible. As you know, this disastrous compulsory unionism power grab would eliminate the secret ballot in workplace unionization drives and would subject millions of American workers to union intimidation and demands to pay union dues or be fired from their jobs. Just what we need; more powerful tools for the most powerful union in the country.

This is why an organized restructuring is the only way for the Big 3 as it would force vital changes in the labor contracts. And that is what the UAW fears and that is why Obama and his cronies are willing to spend my tax dollars to prop up these doomed companies.

At the same time that Obama is prepared to throw good money after bad, he is also supporting the so-called “Cap and Trade” policies.

More on that in a later post but as I read the implications, it would deal a mortal blow to an already moribund state. The one we are talking about. The Great State of Michigan.