Mitch McConnell and company voted repeatedly to pay these guys to… not shoot at us:
The Iraqi government plans to cut salaries for the estimated 100,000 members of the Awakening movement whose revolt against Al Qaeda in Iraq played a key role in bringing about the sharp fall in violence in Iraq.
The move is certain to aggravate building tensions between the Sunni volunteer force and the Shiite-led government, which assumed responsibility for the Awakening movement from the U.S. military earlier this month.
The U.S. military, which calls the movement the Sons of Iraq, had been paying members $300 a month to carry guns and protect their neighborhoods against Al Qaeda.
Starting this month, Awakening members will be paid 300,000 Iraqi dinars, or about $250 a month, according to government spokesman Tahseen al-Sheikhly. Awakening leaders, who had been earning $400 to $600, will also receive the lower salary.
And these guys:
Insurance giant AIG was given $152 billion in bailout money by the federal government since nearly collapsing in September. Now the company is planning to take millions of that money and hand it over to employees in a program that sounds a lot like bonuses.
AIG’s new CEO is only taking a single dollar for his compensation this year and the top 60 executives won’t be getting bonuses. But that hasn’t stopped AIG from finding a creative way to keep some of their top employees in what they’re calling “retention payments,” reports CBS News correspondent Priya David.
To some it seems like business-as-usual end-of-the-year bonuses.
But $15 billion to the auto industry, one of the last industries in the country that actually makes something, is a violation of core principles.
You don’t have to be crazy to wonder if the $15 billion will save anything- I don’t have much hope it will. I still don’t know if any of them other than Ford are really in a position to survive. We might very well be pissing away $15 billion dollars if we do eventually aid them. Right now I see the options as do nothing, and let them die, or do something, and they might live. For all I know, it may be too late:
General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand.
GM said it will cut 250,000 vehicles from its production schedule for the first quarter of 2009, which includes a cut of 60,000 vehicles announced last week. Normal production would be around 750,000 cars and trucks for the quarter, spokesman Tony Sapienza said.
Many plants will be shut down for the whole month of January, he said, and all told, the factories will be closed for 30 percent of the quarter.
“We’re adjusting pretty dramatically,” spokesman Chris Lee said.
The move affects most of GM’s plants in the U.S., Canada and Mexico. During the shutdowns, employees will be temporarily laid off and receive a portion of their normal pay from the company. They can also apply for state unemployment benefits, Lee said.
They may already be dead.
On the other hand, you do have to be crazy to be able to pretend that somehow any principles are at stake other than union busting, which, I guess, is a principle in and of itself:
An action alert circulated among Senate Republicans on Wednesday called for Republicans to “stand firm and take their first shot against organized labor.”
In doing so, analysts said, Republicans were planting the seeds for a fundraising appeal to big business — other than the Big Three, of course — as they gear up for a major political fight next year over expected legislation that would make it easier for unions to organize.
Mitch McConnell and the Republicans (a more complete list here) who all voted against this bill but for the financial bailout will all earn 160k and the best benefits package in the country, but are going to let an entire industry die because some autoworkers make more money than Bob Corker thinks they should. You might call that class warfare. I don’t like the idea of bailouts any more than anyone else, but now is not a time for misguided “principles.”
What about the billions we just flat out “lost” in Iraq ($9 billion, to be exact)? Here is another $2 billion down the crapper:
I don’t want to hear it about the $15 billion dollars and your principles. I just don’t. Especially when the chain reaction to suppliers and dealerships and what not could have a devastating impact on an already battered and beaten economy. A couple weeks ago someone in the comments asked- If you were told terrorists were going to attack our economy and we could lose 2 million jobs, but you could possibly stop it by spending 15 billion dollars on a new system of defense, do you think the government would?
I think I know the answer to that. But I am not a crazy Republican Senator from the new confederacy.