Auto Czar Rattner: “We had lots of discussions about whether to top off all of the pensions,” Rattner said. It came down to necessity.
- Published: Thursday, 01 November 2012 20:10
FoxNews.com | Steve Brown | 2012-10-31
President Obama never fails to mention the billions in federal dollars pumped into the U.S. auto industry when campaigning in Ohio. ~ "I bet on American workers. I bet on American manufacturing. I would do it again because that bet has paid off for Ohio and for America in a big way." ~ Former Delphi plant manager Tom Rose has a different opinion about the bailout: "It’s good press. It’s good politics, but it’s only one side of the story.” ~ Delphi abruptly cancelled its employee pensions and turned over what remained in them to the federal government to administer. ~ "It was not easy to decide where to draw the line,” says Rattner, “We had lots of discussions about whether to top off all of the pensions,” Rattner said. ~ It came down to necessity. It all comes down to fairness. “You’ve got two groups of employees working for the same company that are in the identical situation and yet they are treated distinctly different by our own federal government." Read more... Fox News full article | Fox News video