Tag Archives: GM takeover

by Ben Johnson

If you have enjoyed owning a car company, you’re going to love getting voting representation in several banks nationwide. Barack Obama’s Treasury Department is already “monitoring” 19 banks and may appoint new board members. The trouble? They took TARP money and have fallen behind on their payments. Almost as troubling, the mainstream press is presenting things as though they had never been better. Zachary A. Goldfarb at The Washington Post writes:… Read the Rest of this Post

Posted in Floyd Reports, News Reports, Opinion | Tagged , , , , , , | 4 Comments

by Floyd and Mary Beth Brown

During this Christmas season of cheer and good tidings, a universal message is going forth. They are all united — from Barack Obama, to Martha Stewart, to Wall Street banks, to the Federal Reserve — and even your local mall agrees: please borrow to spend more this Christmas.

Americans since 2008 have been tightening their belts, and they have paid down more than $150 billion in consumer debt. This … Read the Rest of this Post

Posted in Floyd Reports, Opinion | Tagged , , , , , | 2 Comments

Although the media would have Americans believe there were no two groups more different, Wall Street and Big Labor have a few things in common. Both are overcompensated; both are major donors to the Democratic Party; and both have Barack Obama looking out for their interests.

Obama’s long history of doing the bidding of unions is hardly a secret. Then-president of SEIU Andy Stern was the most frequent visitor to the White House. Obama steered … Read the Rest of this Post

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Barack Obama is facing yet another well-deserved corruption investigation. Neil Barofsky, the special inspector general who oversees federal bailouts, has announced he will look into what the New York Times calls “a lingering mystery”: why the government fully funded the pensions of union workers at Delphi following Obama’s hostile takeover of General Motors, while the government simultaneously gutted the retirement accounts of non-union employees.

Some 21,000 white collar employees of the GM spin-off company, Delphi, … Read the Rest of this Post

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By Floyd and Mary Beth Brown

This week we had the pleasure of sharing a summer barbecue with a refugee from Cuba. Our dinner conversation was starkly different than most.

This refugee came to the United States as a young boy in the early 1960s. His family was more fortunate than most as they were able to bring a suitcase and $100 when they fled Castro’s newly formed revolutionary paradise.

Our dinner consisted of all-American … Read the Rest of this Post

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