Tuesday, August 24, 2010
The Democrats in Michigan must know they have a problem. An editorial in this morning's Detroit Free Press:
There are campaign dirty tricks, and then there are perversions of the electoral process that cry out for some authoritative response and criminal consequences.
The flap over an allegedly fake slate of Tea Party candidates, intended to siphon votes from Republicans this fall, is looking more and more like the latter. It's time for the Oakland County prosecutor and the state attorney general to get involved, and get to the bottom of this affair.
What we know so far casts real doubt on the sincerity of this Tea Party exercise. The principals behind it have been exposed as Democrats with union ties. They were all put on the ballot in very competitive districts where votes for them would hurt Republican hopefuls. And last week, a Democratic operative in OaklandCounty was accused of fraudulently notarizing affidavits for a dozen of the candidates on the ballot. That in itself is a crime worth prosecuting.
If Democrats in Michigan are in trouble, they are in trouble everywhere.
Once the GM IPO is launched, the UAW share of the equity stolen from GM stockholders will easily pay for the Michigan votes necessary to win most Congressional seat. These guys have been at this for many, many years and know how to do it.
What the Detroit paper should be checking is who GM has hired since the UAW ownership. My bet is that there are hundreds of UAW members who have been assigned to non-production committees. They have added to costs but not efficiency. Friends and relatives of those seeking reelection have been hired to replace the union reps.
"Once the GM IPO is launched"
Yeah, as a former GM bondholder, I am *really* eager to dump money down that hole.
Obama has basically alienated a large part of the market of those who wanted to risk money with GM. If they don't honor bonds and preferred stock...why trust them again? Once burned....