Tuesday, May 26, 2009
U.S. Government Expected To Own 70% Of GM
Not sure how long you've been drinking the Rethuglican Koolaid on this subject and I'm certain you're a Faux Noose addict. Truncating sentences and half facts may work for Faux Noose, but not here. Here's the text on the $129K salary that you're citing:
".... So far this year, Mr. McSwain has earned about $32,000. At this point in 2008, he'd taken home about $70,000, thanks to overtime, and for the year made $129,000." Emphasis on "Overtime". On a full-time work of roughly four and a half months (article is dated May 21st), the dude earned $32K ($32000/(160hrs*4.5months) = $44.44/hr. His annual salary on straight time would be 1920hrs * $44.44 = $85K. As an hourly non-exempt employee and according to FLSA, he'd be entitled to time-and-a-half pay for any hour worked over 40hr/week. At that rate all he'd have to work roughly 660 extra hours in a year to make $129K (($129000 - $85000)/$66.66hr OT Rate)).
Get it genius? I can't get people like you, who continue to argue against your own self interest without any thought, sipping the regurgitated gruel of Limbaugh and Hannity. BTW, don't be jealous if a hard working UAW worker makes more money than you!
Read the Article at HuffingtonPost