The opening and closing paragraphs of a news story today on the Fox News web site contains an interesting explanation of how Marxist/Socialist Muslim Barack Hussein Obama spent the billions of dollars in borrowed stimulus money. The money went to pro-Democratic Party supporters. As far as the last reference to the United Auto Workers goes, what the story doesn't mention was that when Obama took control of General Motors and gave 1/3 of the company to the UAW auto workers union, it totally eliminated the pensions for the 20,000 non-union retirees of GM's major parts supplier, Delphi Automotive. Daily Caller had this:
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.
The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.
Delphi, a 13-year old company that is independent of General Motors, is one of the world’s largest automotive parts manufacturers. Twenty thousand of its workers lost nearly their entire pensions when the government bailed out GM. At the same time, Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.
10-part report raises questions about narrative of Obama's early life
The legendary Chicago Tribune writer Mike Royko once penned this advice to mayoral candidate Richard M. Daley, the son of the big city boss: "Reward your friends and punish your enemies." It is a phrase the president once used to describe how Latinos should think about elections.Published September 20, 2012FoxNews.com
In a 2010 interview, Obama urged Latinos to say: "We're gonna punish our enemies and reward our friends who stand with us on issues that are important to us."
To that end, The Examiner says 31 Obama campaign bundlers received clean-energy loans and grants totaling more than $16 billion. The auto bailout favored the United Auto Workers -- over secured creditors -- and eight of the 10 states getting the most contracts from the stimulus program were heavily Democratic.
detailing Obama's path to the White House. Some of the information
appears to conflict with the narratives the Obamas and the Democratic
Party have pushed, most recently at the party's convention in
Charlotte. UPDATE: I just received a list of more companies that Obama handed millions of stimulus dollars to and which eventually went bankrupt.Here is a list of companies that the Obama administration has given money to:
1). Raser Technologies in 2010. Raser had only ten employees, yet they received $33 million to build a power plant. According to the Wall Street Journal the company FILED FOR BANKRUPTCY HEARING this year.
2). ECOtality in 2009 was given 126.2 million for installing 14,000 car charging stations in 5 states. The company has since incurred more than $45 million in losses, and the company is under investigation for insider trading.
4). First Solar was given $3 billion dollars for power plants in Arizona and California, and Business Week reported their stocks fell to a record low after reporting $401 million restructuring costs, and fired 30 percent of its workforce.
5). Abound Solar was given $ 400 million to build photo-voltaic panel factories. Forbes reported in February the company halted production and laid off 180 employees. In June of 2012, Abound went BANKRUPT.
6). Beacon Power was given $43 million even though Standard and Poor's had given the company a dismal outlook. Last fall the company received a de-listing from NASDAQ and has FILED FOR BANKRUPTCY!
7). SUNPOWER was given $1.2 billion and as of January owed more than it was worth.
8). BRIGHT SOURCE was given $1.6 billion and then posted a string of net losses totaling $177 million.
9). SOLYNDRA, a solar panel manufacture, was given $535 million and since then has gone BANKRUPT.
HERE IS WHAT IS MOST INTERESTING IN THIS ARTICLE BY THE LINCOLN JOURNAL STAR: "Of all these grants and loans 71 percent of the money went to "individuals who were bundlers", members of Obama's NATION FINANCE COMMITTEE, or large donors to the democratic Party".
TONOPAH SOLAR got $737 million ( larger amount than Solyndra got)
TONOPAH SOLAR is run by Nancy Pelosi's brother-in-law.
This is what I meant when I said the tyrants were looting our Treasury. This bunch of Democrats in Washington have proven themselves to be the most corrupt gang of thieves in American history.
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