During the election season, Charlie Sykes stated that he had a problem with the proposed bail out of the major financial institutions of Milwaukee, but he was relatively low key about it. After the election, Sykes remained low key about the bailout.
But once there was talking about bailing out the Big Three Automakers, he became a lot more noisome about the whole thing. I thought it was just Sykes following his spoon fed Republican talking points in attacking the UAW and unions in general.
Then it dawned on me. The reason why he was so mild about the financial institutions in comparison to the automakers is because he didn't want to bite the hand that feeds him.
M & I is a large sponsor of Sykes' show and of TMJ620 radio. They even bought air time when Sykes does "interviews" with M & I staff people and their Wealth Management group, supposedly to give tips of what to do regarding wealth management.
What makes this so delightfully hypocritical is that M & I took $1.7 billion in bail out money. If they can't manage their own wealth, why would anyone trust their wealth to them?
To add to the hypocrisy, my friend Illy-T points out that the auto makers are as eligible for bail out moneys as much as M & I.
It would seem that all that needs to happen is for GM, Ford, Mopar or even the UAW themselves to buy some ad time, and Sykes will be purring for them as well.
The man and the company that employs him have no shame.
Sunday, December 21, 2008
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