Published: Wednesday, 22 September 2010 07:54
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……..
Published: Saturday, 18 September 2010 07:25
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.........