Non-union retirees: Bailout no big success

Tom Stafford, StaffWriter | Springfield (OH) News-Sun | 2012-11-02

Two Republican congressmen and three salaried former Delphi employees who lost substantial portions of their pensions and retirement benefits during the company’s bankruptcy appeared in Springfield (OH) on Friday to challenge the Obama campaign’s characterization of the auto industry bailout as an Ohio success story.  ~  Four days before the election day, U.S. Rep. Mike Turner, R-Dayton, called it the “untold story of the auto bailout” in which the administration “picked winners and losers” and manipulated and thwarted the normal bankruptcy process.  ~  The president “owes an answer” to 20,000 workers who lost their pension ~ and has refused to be transparent about the processRead more... Springfield News-Sun

The man [Obama] threw tens of thousands of retired Delphi workers - and their families - under the bus

John J. Hopkins | Lockport Union-Sun & Journal (NY) | 2012-11-04

If anyone in this region has an ounce of compassion for retired Delphi workers, he will not cast a vote for Barack Obama. The man threw tens of thousands of retired Delphi workers — and their families — under the bus all for the cause of appeasing auto worker union leaders in Detroit, and assure he’d get the union vote.  ~  Remember, GM was under no obligation to buy out Delphi’s unionized pensioners, but it did, under Obama’s guidance.   ~  Most of the Delphi workers at whom Obama thumbed his nose are in Ohio. If Romney wins that state by a close count, mark it a win for Delphi workers.  Read more... Lockport Journal

Auto Czar Rattner: “We had lots of discussions about whether to top off all of the pensions,” Rattner said. It came down to necessity.

Steven Rattner

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