Archive for ‘U.S. Postal Service’

July 21, 2009

Bankruptcy doesn’t stop GM fromdoing what it does best: Lobbying

They’re laying off factory workers by the thousands, but GM’s doing just fine down on K Street:

General Motors reduced its lobbying spending in the second quarter by only 1.4% compared to the first quarter, even though the second quarter saw the company go bankrupt, be taken over by the government, and announce it was cancelling its outside lobbying contracts.
In April, May, and June, GM spent $2,760,000 on lobbying according to its Q2 lobbying filing, compared to $2,800,000 in the first quarter.

But isn’t this a case now of one branch of the government lobbying another branch? Does that incestuous relationship have anything to do with ChevroGay?

Exit question: Are these GM lobbyists among those “jobs saved or created” that Obama keeps telling us about?

UPDATE: Interesting thought:

Can we expect General Motors to thrive based upon the record of the Federal Government’s handling of the Post Office and Amtrak? Already, Congress and the UAW are trying to micromanage this auto manufacturer by dictating which plants can be closed, where cars will be built, as well as preventing the dropping of unprofitable dealerships. American taxpayers will be paying for the losses of this corporation for many years to come.

Speaking of the Post Office, people who think profit, greed and capitalism are the root of all evil need to explain why “going postal” is a synonym for homicidal rage.

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July 19, 2009

Going Postal? U.S. Postal Service SeeksBailout; Could Miss October Payroll

Via NewsAlert, this shocker:

Four unions representing the nation’s postal workers are pleading for a meeting with the White House to address possible funding shortfalls for workers’ payroll and retiree health benefits, according to a letter obtained by CongressDaily.
The presidents of the American Postal Workers Union, National Rural Letter Carriers’ Association, National Association of Letter Carriers and National Postal Mailhandlers Union co-signed the Tuesday letter to White House Deputy Chief of Staff Jim Messina, warning that the U.S. Postal Service is at risk of defaulting on a $5.4 billion payment to prefund retiree health benefits at the end of September.
The letter alleges that USPS “may not be able to make payroll in October and will be forced to issue IOUs instead.” . . .

Read the whole thing. Imagine that: A taxpayer-subsidized, union-dominated, government-regulated monopoly having financial problems . . .

It’s a crisis! Wonder if the president has those cardigans ready?