Race To Bottom Fueled By Federal Government

The Feds have created more low paying jobs than Wal-Mart?! That doesn't fit the narrative- here's the story though
The federal government is better at creating low-paying jobs than Wal-Mart and McDonald's combined, according to a new report.

We the Corporations

Do you have a penny in your pocket? Well, if you do, you have more money in your pocket than the income taxes paid by GE, Wells Fargo, Exxon-Mobil, Citibank, and Bank of America combined. That’s right, these corporations and many more like them do NOT pay taxes like real people do. Instead, these greedy, ultra rich corporations make billions in profit, exploit tax loopholes, and some even get subsidies from the government. And the sad thing is that we the people aren’t taking action to put a stop to it.

Uh Oh Looks Like Kaptur Was Taking Lessons From Paul Wohlfart

From a story in Just-food

Grand Rapids-based Spartan Stores, Inc. and Toledo-based Seaway Food Town, Inc. (Nasdaq:SEWY) today announced that the companies have reached a definitive agreement to merge.

The merger will consolidate Seaway, a leading regional food retailer with approximately $680 million in sales and $32.6 million of EBITDA for the trailing 12-month period ended February 26, 2000, into Spartan's retail network.

Ah, what the hell...What's another 10 Billion?

GM, Chrysler request $10 billion in aid: sources

NEW YORK/DETROIT (Reuters) – General Motors Corp and Cerberus Capital Management have asked the U.S. government for roughly $10 billion in an unprecedented rescue package to support a merger between GM and Chrysler LLC, two sources with direct knowledge of the talks said on Monday.

Reports: Chrysler, GM discuss merger, acquisition

DETROIT - General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published reports.

Fannie and Freddie pullback would devastate economy

As if the housing market isn't bad enough already, now they're speculating on whether the secondary mortgage market under Fannie Mae and Freddie Mac could fold. That might really be the kicker, along with a collapsing dollar and soaring oil, to push the economy over the edge. Tighten your seat belts, folks. It might be a wild ride.

Syndicate content