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Showing posts with label Reuters. Show all posts
Showing posts with label Reuters. Show all posts

Sunday, May 18, 2014

13 BENGHAZIGATES UNDER BUSH, THE HUFFINGTON POST LIE AND THE TRUTH

The Huffington Post spouts off about the 13 BENGHAZIGATES UNDER BUSH
that FOX NEWS and the RIGHT WING CONSERVATIVES ignored.  

BUT THE TRUTH IS, THERE IS NO COMPARISON BETWEEN 
WHAT HAPPENED UNDER BUSH AND WHAT IS HAPPENING UNDER
OBAMA.  

Friday, January 18, 2013

STOCK MARKET? NO THANKS!

Here's a good reason to stay out of the stock market.  Caterpillar, a stalwart company, had a Board of Directors that didn't do its job.  It had management that didn't do its job.  It lost billions of dollars.  I wonder if any of this money was taxpayer money?  Bet no member of the Board of Directors or management will lose their job over this.  That'd be too easy.


CATERPILLAR CREEPS TO A FINANCIAL DISASTER IN CHINA

Monday, September 20, 2010

GOVERNMENT MOTORS PAYS CEO COOL $9 MILLION

Wow, Reuters has reported that our car company, Government Motors, will pay our new CEO Akerson over $9 million in cash, salary and stock grants. In addition to that, they will pay Ex-CEO Whitacre $300,000 for serving on the GM Board of Directors for 4 months. Great jobs, if you can get 'em.

I see our new Pay Czar is really diligent in shrinking the CEO salaries of companies still on the taxpayer dole. That's what Obama was blabbing about when he took over GM. They're sure doing a great job, don't you think?

Funny how the math works. Toyota is solvent, in spite of their gas peddle problem, has lots of money in cash reserves, and their CEO makes $900,000 a year. BMW ties its executive bonuses to blue collar performance.

And then there's Government Motors. The company makes terrible business decisions, becomes insolvent, gets bailed out with taxpayer capital, files bankruptcy, and has minimal cash reserves. They fire their long term American ad agency and hire a French agency, with our tax dollars. They continue to get bail out money, and then they build a new plant in another country, not in America. Gee, who should we thank for this?

And then they award a newcomer with almost $10 million in compensation, and you can bet a new fleet of corporate jets will be on the way once their IPO is sold.

Our Government Motors sure knows how to game the system, and I'll bet they are laughing all the way to their Swiss bank accounts.

Thanks, Obama, for nothing.

Sunday, September 12, 2010

"Unpaid Pay Czar" oops, Wrong!

So the news came out today. President Obama's pay czar, Kenneth Feinberg, received an annual salary of $120,830. Feinberg served as "special master for TARP executive compensation" to establish executive comp levels at companies bailed out or bought up by the government.

When Feinberg was appointed by Obama in August 2009 the big hoopla was that this Washington lawyer would "perform his duties pro bono," or without pay, so said the White House and Reuters.

But Judicial Watch in a Freedom of Information Act request has obtained the "welcome letter" to Feinberg congratulating him for being selected and listing his annual salary at $120,830. His salary was also confirmed by the US Office of Personnel Management. Feinberg is a big-time Washington lawyer.

So who was lying? Or was it just an "over site?" Or was it an intentional distortion of the fact? With this administration it's any body's guess.

This sure proves the point the the Obama Czars should have gone through the usual Senate confirmation process rather than just being installed into power by King Obama. But then, Congress has very little power in the Kingdom.

So much for Obama's famous "transparency in government" policy.