Ask non-unionized Delphi retirees about how Obama's so-called "shared sacrifices" are more about cronyism than patriotism

NLPC | Mark Modica | 2012-10-04

President Obama called for a "new economic patriotism" during last night's presidential debate. Well, hold on to your wallets as this new buzz phrase seems to be a euphemism for "wealth redistribution." Just ask old General Motors bondholders or non-unionized Delphi retirees about how Obama's so-called "shared sacrifices" are more about cronyism than patriotism. ~ President Obama is campaigning on a platform that constantly touts everyone "paying a fair share and having a fair shot." ~ Unfortunately  the Obama Administration gets to determine what is fair. ~ non-unionized retirees at GM's bankrupted parts maker, Delphi, had their pensions sacrificed as the Obama Administration saw to it that UAW pensions were protected.  Read more - full NLPC article