Obama Campaign - "If I Wanted America To Fail"

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Daily Devotions

WISDOM

If you support our national security issues, you may love and appreciate the United States of America, our Constitution with its’ freedoms, and our American flag.

If you support and practice our fiscal issues, you may value worldly possessions.

If you support and value our social issues, you may love Judeo-Christian values.

If you support and practice all these values, that is all good; an insignia of “Wisdom” . - Oscar Y. Harward

Monday, May 4, 2009

Obama Repaying Unions?

“After pouring at least $300 million into supporting Democratic candidates for the White House and Congress last year, labor unions are hoping that the new president will help enact their number one legislative priority…”, - The Indypendent http://www.indypendent.org/2009/01/16/unions-hope/

“GM bondholders proposed April 30 they get a 58 percent ownership stake in the Detroit-based automaker in exchange for their $27 billion in unsecured claims. Bondholders are objecting to GM’s proposal they get a 10 percent share of GM equity while a union health fund would get $10 billion in cash and as much as a 39 percent stake for $20 billion in unsecured claims.” – Bloomberg.com http://www.bloomberg.com/apps/news?pid=20601087&sid=awCyiNlvcfUA&refer=home

To bail out GM under the Obama administration, the UAW will receive $4.7 Billion equity of bondholders’ money plus an additional $10 Billion of taxpayers’ money; a grand total of $14.7 Billion. Taxpayers may be forced to pay the bailout of banks, again. Wow! What a win for the UAW!

Obama must be feeling charitable to fund almost $50 to the Unions for each $1 in partisan political investment. Remember, this is only the GM bailout. What an investment for Obama repaying the Unions at the price tag of the investors and taxpayers!

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