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Keyword: gmstock

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  • UAW Gets $12 Million from GM as Taxpayers Get Scrooged

    12/14/2011 9:40:41 AM PST · by jazusamo · 3 replies
    National Legal & Policy Center ^ | December 14, 2011 | Mark Modica
    Bloomberg reported last week that General Motors will be paying $12 million in additional bonuses to its UAW workers for meeting "quality targets." It's nice to see the holiday spirit of giving at GM. Unfortunately; US taxpayers are not faring as well as Government Motors' politically favored union members. The Obama Administration still refuses to exit its stake in GM with Treasury serving as Money Manager for the American taxpayers. Geithner and friends continue to gamble on a market-timing strategy to "maximize" taxpayers return on its GM bailout (sorry, "investment.") So, how are they doing? Back in July, I...