9-18-10: Politics behind the decision not to preserve Delphi salaried pensions?

Washington Post  9/18/2010

IT IS ONE of the enduring puzzles surrounding the bailout of General Motors: Why did retired salaried personnel of a former GM division, Delphi, receive a fraction of their promised pension benefits, while Delphi's retired hourly personnel, members of the United Auto Workers, got 100 percent, paid for in part by the "new" taxpayer-supported GM?  ~~ at the insistence of Republicans in Congress, Neil M. Barofsky, the special inspector general for taxpayer bailout funds, has pledged to investigate "whether political considerations played a role in favoring hourly over salaried retirees."

9-21-10: Stuart Varney on Delphi Salaried Retirees

Stuart Varney is on America Live with Megyn Kelly discussing whether or not the White House was involved with the decision to protect the benefits of Union Members of General Motors while cutting the benefits of White Collar workers at the same unit. Originally broadcast Sept. 17, 2010.

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……..

9-18-10: National Review tells our story like it is!

UAW Bailout: White House Kneecapped White-collar Pensioners

By Henry Payne  9/17/2010 

Constructing their UAW bailout a year ago, the White House Auto Task Force ran roughshod — Chicago-style — over secured bondholders’ rights in order to secure a deal for Big Labor. Less well known is that secretaries, engineers, designers, and other salaried men and women were getting kneecapped, as well.

The gutting of white-collar worker pensions at Delphi, GM’s biggest parts supplier, is a teachable moment about UAW power and Obama administration callousness.

As the administration rushed to complete GM’s bankruptcy last May, the question of Delphi was a pressing issue. Spun off by GM in 1999, Delphi was still intimately bound to its former parent through supply chains and union contracts. But when it came time to resolve Delphi pensioners, Delphi’s salaried workers were thrown overboard even as the UAW’s pensions were made whole.    More.........