A Lawless Presidency - Obama Administration Rips-off Non-Union Delphi Pensions While Preserving Union Pensions

Bob Price Aug 28, 2012

President Barack Obama has been running an administration that is lawless at best. ~ "A Lawless Presidency". ~ behavior by the President and his administration that clearly illustrates that they believe they are above the law or will just make it up as they go with a deliberate intention of creating a socialist nation and economy. ~ Colin Hanna, president of the Let Freedom Ring group said, "President Obama rightly talks a lot about the importance of fairness, but was it fair for his administration to terminate the pensions of Delphi's 20,000 salaried retirees while bailing out the pensions of the union retirees at the very same company?" ~ The Obama Administration is abusing the bankruptcy system to provide political payback to unions who helped his election campaign and who will work tirelessly against us to ensure his re-election this November.  Read more.....

Government of unions, by unions, for unions

Matt Patterson | Washington Times | August 22, 2012

In 2009, the U.S. government bailed out the auto industry, ostensibly to save the livelihoods of thousands of Americans who work for automakers and their supporting companies. ~ Sounds nice, except that this federal largesse was not distributed equally. In fact, some employees who were also members of the powerful, politically influential United Auto Workers (UAW) union got far, far better treatment from Uncle Sam than their nonunion brethren ~ letting the pensions of nonunion workers at the same company — some 20,000 people — go under.  Washington Times article

Delphi Pension Scandal: A Story That Should Be Bigger

Stephen Kruiser | FreedomWorks | August 23, 2012

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.  ~ There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.  FreedomWorks article

Retirees slam Obama over pension cuts

Joel Feick MINBCNews Channel 25

Delphi retiree Ken Hollis still upset.  It's a story that won't go away.  And it doesn't look good for President Obama in an election year.  Delphi has survived bankruptcy.  But its former white collar retirees are still upset they lost big parts of their pension and other benefits along the way.  A spokesman for the group, Ken Hollis of Clarkston (MI) says there about six thousand Delphi non-union retirees in Michigan.  Their plans were involuntarily terminated by the PBGC (Pension Benefit Guaranty Corp.) ~ Delphi salaried pensions were reduced anywhere from 30-70%, leaving many in very difficult situations ~ It is clear that some of the decisions made were unfair. Full story on MINBCNews