Remember when Michael Moore staked out Roger Moore of General Motors in Roger and Me, claiming that GM’s brutal capitalism earned the company profits while it mistreated workers? Well, where’s Moore when you need him?
Yesterday, the largely Treasury Department-owned GM (32%) announced that it would freeze the pay of all 26,000 of its US employees, and would dump its pension contributions, as well as slashing bonuses. This even as it announced that it had posted an $8 billion profit in 2011.
Read the rest at Big Government