Daily Rant – April 29, 2009
April 29, 2009
Obama wants a label for his legacy like the New Deal or the Great Society. I have a suggestion. How about the RAW DEAL?
Now Citibank has to go to the Treasury to get permission to pay bonuses! What else would you call that? A RAW DEAL.
Government bails out GM and what happens to the bond holders? Here are the numbers:
- GM Bond holders bought bonds totaling $27 billion and only get 10%
- United Auto Workers who get PAID to work in the factories put in $10 billion and now own 40%
- Government put in $15 billion and ends up with 50%
What else would you call that except a RAW DEAL?
- FedUpEditor
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