Obama & UAW Screw the Taxpayers

The compliant media allows Obama to get away with empty claims of UAW "sacrifices", while the taxpayer gets hosed:

The U.S. taxpayer will be providing up to $115,000 in incentive and severance payments for tenured GM workers, according to the Kansas City Star.

GM is offering $20,000 cash and a $25,000 car voucher to production workers who decide to retire with their benefits.

For skilled-trades workers, the cash portion of the retirement package is $45,000 with the same car voucher.

For those not eligible to retire, GM also is offering more cash to walk away and sever all ties with the company, along with the $25,000 car voucher.

Employees with less than 10 years could get $45,000. Those with at least 10 years but less than 20 are being offered $80,000. For those with 20 years or more, it’s $115,000.

Those with 28 or 29 years at GM are being offered a bridge to retirement, with the company providing a monthly gross wage of $2,850 or $2,900 until qualifying for retirement.

So much for those massive sacrifices undertaken by the UAW to make GM such a modern, streamlined company.

(courtesy of Zero Hedge)