Obama Administration Continues to Waste 100’s of Billions In US Taxpayer Funds

Time Magazine recently pointed out that the new “GM” or “Government Motors” will employ approximately 40,000 individuals, down from the historical high of 600,000 workers it employed less than a generation ago. Through mismanagement, unreasonable unions and improper Government intervention, 14 out of every 15 jobs at GM have been lost. http://www.time.com/time/business/article/0,8599,1901345,00.html?xid=rss-biztech-yahoo  http://mcauleysworld.wordpress.com/2009/05/28/with-14-out-of-5-gm-jobs-gone-why-is-the-government-spending-100s-of-billions-of-taxpayor-dollars-on-a-company-that-will-employ-less-than-40000/
So, where does the [...]

With 14 Out Of 15 GM Jobs Gone Why Is The Government Spending $100’s Of Billions Of Taxpayor Dollars On A Company That Will Employ Less Than 40,000 Workers.

Less than a generation ago, GM employed 600,000 US workers. The GM of tommorow will employ fewer than 40,000. Why is it that the US Government (The Obama Administration) is “buying” this Company with $100’s of Billions of US Taxpayer Dollars today when GM has a net worth (Market Cap) under  $725 Million Dollars. (Market Cap = The [...]

GM To Announce 14 Plant Closures, Monday June 1, 2009

GM to announce 14 plant closures Monday
DETROIT – The news no one wants to hear is coming Monday morning to General Motors Corp. factories across the U.S.
The troubled auto giant will identify 14 factories it will close by the end of 2010 as part of its restructuring plan, according to a person briefed on the [...]

Government Update: 1 Out Of 8 Mortgage Holders Are Now Delinquent Or Are In Foreclosure

12 percent are behind on mortgage or in foreclosure

NEW YORK – A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn’t expected to crest until the end of next year, the Mortgage [...]

Government Corrects Unemployment Numbers – 17 Straight Weeks With Over 625,000 New Claims. Continuing Unemployment Claims Set All Time Record

As unemployment benefit extensions begin to expire in the 1st week of June 2009, millions of unemployed Americans will start falling through the cracks this next month. Will the Government claim a “drop” in the unemployment numbers just because the workers have exhausted their benefits?
WASHINGTON (AP) — The tally of newly laid-off people requesting jobless [...]