GM–Government Motors–Giving Enormous Taxpayer Money-Fueled Bonuses
by Seton Motley
How do bonuses equal to 50% of your annual salary sound?
Wait – how do they sound if you’re not receiving them – but paying for them? And (most likely) on salaries far greater than the one you’re currently earning.
(If you’re actually earning one – and not a member of the unfortunate and overly numerous unemployed.)
General Motors (Government Motors [GM]) in 2008 received Troubled Asset Relief Program (TARP) coin. TARP being the first of the giant government violations of the private sector – about which then President and capitalism assailant George W. Bush ridiculously said “I’ve abandoned free-market principles to save the free-market system.”
These multi-trillion dollar government money anvils – TARP, the 2009 alleged “stimulus,” Cash-for-Clunkers, Cash-for-Caulkers, ad nauseum – have been repeatedly dropped on our collective economic heads.
Wonder why the national “recovery” has been so slow as to resemble non-existent? In large part because the private sector has been dragged into inertia by these serial Keynesian anchors.
