GM would love to be able to attract talent that would help it make new cars that people want to buy – you know.. to innovate. But because of the salary cap restrictions imposed by the government they can’t. CHICAGO (MarketWatch) — The Treasury Department is resisting General Motors’ push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. Read more here.
From here. President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Right – and its his Organized Labor Unions that put the states in this predicament to begin with. “Only 50 more billion to bail out the states…”