Ousted Goldman CEO and Ousted NJ Governor Jon Corzine to Head Bank of America?

As the Bank of America (BofA) CEO, one of the first phone calls that Jon Corzine might receive could come from Service Employees International Union (SEIU) President and White House frequent guest Andy Stern asking Corzine to forgive SEIU’s $88 million debt or at least to renegotiate the BofA terms. As former head of the Democrat Senatorial Campaign Committee and a Democrat governor from New jersey, Corzine knows all too well how much the Democrat party owes SEIU bosses. Corzine as head of Bank of America could create interesting opportunities for Stern.

SEIU Debt Ceiling

Debts are increasing at every level of the SEIU purple conglomerate. SEIU’s national headquarters reported that at the end of 2008, its total liabilities grew to $156 million, a total debt increase of $36 million from the prior year. And, about $60 million of its assets are receivables owed to it by SEIU affiliates.

Even though SEIU’s national headquarters reports receiving $247 million in dues revenue called “per capita taxes”, much coming from workers who would be fired if they did not pay, its combined “Representational,” “Political,” “General Overhead,” “Union Administration,” “Benefits,” and “Gifts” activities cost the union $285 million.

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Tags: ACORN, amalgamated bank, Andy Stern, Bank of America, Big Labor
Posted Nov 20th 2009 at 9:47 am in Big Labor, News, Politics | 3335829 Commentshttp://biggovernment.com/dloos/2009/11/20/ousted-goldman-ceo-and-ousted-nj-governor-jon-corzine-to-head-bank-of-america/Ousted+Goldman+CEO+and+Ousted+NJ+Governor+Jon+Corzine+to+Head+Bank+of+America%3F2009-11-20+16%3A47%3A48Don+Loos

Pork Report November 17, 2009: Post Office Edition

The U.S. Postal Service lost $3.8 billion last year

Winery receives federal stimulus grant

Musicians more effective communicating in noisy environments than non-musicians, according to findings of a National Science Foundation study

Only 20 percent of Americans hold positive view of government

Research company receives millions of dollars of congressional earmarks and has nothing to show for it

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Tags: border control, border patrol, congressional earmarks, Earmarks, federal bailout
Posted Nov 17th 2009 at 7:29 pm in Pork Report | 3249019 Commentshttp://biggovernment.com/porkreport/2009/11/17/pork-report-november-17-2009-post-office-edition/Pork+Report+November+17%2C+2009%3A+Post+Office+Edition2009-11-18+02%3A29%3A08The+Pork+Report

We Are Living in an Ayn Rand Novel

A year or two ago, only the most radical leftists would have dreamed that we’d be living in a country where the government owns a majority share in GM, bailed out private insurers, took over Fannie Mae and Freddie Mac, and handed over billions of dollars to the financial sector.

It continues to bailout homeowners doing more of the same policies that put us in this mess in the first place. The government now plans to bailout seniors and small businesses and it won’t be long before Obama proposes to bailout children. Also,  as the debate over health care reform continues, we are left to wonder: how much is this going to cost us? One trillion dollars or two?

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Tags: Ayn Rand, executive pay, federal bailout, pay czar, TARP
Posted Oct 28th 2009 at 11:30 am in Congress, Culture, News, Politics | 22058240 Commentshttp://biggovernment.com/vderugy/2009/10/28/we-are-living-in-an-ayn-rand-novel/We+Are+Living+in+an+Ayn+Rand+Novel2009-10-28+18%3A30%3A35Veronique++de+Rugy