Monday, November 7, 2011

This'n'That; November Seventh #1; Thugs To Get More?!?

Auto 'VEBA' Bailout?!?
[VEBA-Voluntary Employee Beneficiary Association; A form of trust fund permitted under U.S. tax law for the sole purpose of providing employee benefits.]
    Remember back when "Clown Prince ZERO-bama, the Narcissist" determined--surely with George Soros' help--that General Motors was too big to fail and would be converted to 'Government Motors' with a federal bailout?!?  Some of the terms of that PORKulus deal were:

Screw the private-sector GM bondholders with a buyback of mere cents on the dollar;
Screw additional GM suppliers, dealers and other private investors in favor of paying off the auto unions for their campaign and election support;
A re-issue of 'Government Motors' stock with the socio-fascists awarding the auto unions 17% of the new stock to additionally benefit the auto unions' retirement funds.

    Now, the unions' difficulty in funding the current and retired auto workers' pension funds seems to be leading them back to the owe-bama 'treasure chest!'  The unions are looking to modify their PORKulus bailout agreement to suck even more money out of the taxpayer!
    Never before have I considered myself an anarchist!  I'm certainly leaning in that direction, given the absolutely--if not unlawful,--unethical actions of practically every politician in the District of Corruption.  The males and females that are sworn to serve yours and my interests and to support and defend OUR Constitution, are failing miserably!! 
Vote all the bastards, OUT!!
Til Nex'Time....



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