Collateral damage tarnishes auto bailouts

Daniel Howes, Detroit News, remembers Delphi Salaried Retirees again……….

….. that the federal government used taxpayer dollars to favor one class of people (dues-paying UAW members and retirees) over another (salaried retirees of Delphi Corp.), and that the feds insisted subordinate UAW claims should be accorded higher priority in bankruptcy than secured bondholders……

Thank you Mr. Howes.   Click here for the Detroit News article

9-22-10: The Delphi Disaster: An Economic Horror Story.....

The Delphi Disaster: An Economic Horror Story Obama Won't Tell

By Michelle Malkin

The White House believes it can win back depressed and economically stressed voters by turning President Obama into the storyteller-in-chief again.

But victims of Obama's Chicago politics don't want to hear any more of his own well-worn tales of struggle and sacrifice. They've got their own tragedies to tell—heart-wrenching dramas of personal and financial suffering at the very hands of Obama.

Consider the real-life horror story of 20,000 white-collar workers at Delphi…….  Click here for the full story……..