The Obamanation

[Lamplighter]

Originally Posted by classicman

GM will also pay bonuses of at least $182 million to white-collar workers
most of whom make more than $100,000 a year. They'll range from 8-14%.
That's in addition to the over 300 million in profit sharing they already had planned for factory workers.
The recent union contract makes it sound as though those 12.6K employees are/will be back to work.

Additionally there are some who are raising new questions about GM's new tax structure which was
altered as part of the bailout. No word yet on what their new effective rate is now.

The point of my post was that 12,600 direct employees of GM were working in Ohio in 2009,
and the employment multiplier effect added about 14,800 other jobs in the local communities.
That's nearly 30,000 jobs and almost as many families directly related to GM (only).

The recent GM -UAW contract sounds as if those 12,600 employees are/will be back to work,
along with 760 new jobs that are being brought back from overseas.
I'm not seeing a whole lot wrong with all that.

What point(s) are you making... just adding new information, or
- that white collar employees are/were making too much ?
- that GM can/should not to pay bonuses to white collar workers ?
- that the bailout of the automotive industry was wrong ?
- that GM should have gone bankrupt and all those jobs be lost ?
- that there is some sort of tax skullduggery going on ?
.