Remember when Obama saved GM?
Instead of letting go through an orderly bankruptcy and reorganizing its finances and operations, Obama stepped in to screw the Senior Secured Creditors (pension funds and investors who thought they had a senior claim on GM) and handed equity in the Company to the laziest, most incompetent group on the planet: The UAW.
Now that Government Motors has recalled more cars than they've sold, does this still count as an Obama Success?
GM's recall nightmare - May. 21, 2014
Let's not forget the 20,000 non-union workers the Obama team screwed out of their health and life insurance benefits as well as a substantial portion of their earned pensions.
“These forgotten nonunion pensioners (who worked for the Delphi/GM auto parts company) lost all of their health and life insurance benefits. Hailing from the economically devastated Rust Belt — northeast Ohio, Michigan and neighboring states — the Delphi workers had devoted decades of their lives as secretaries, technicians, engineers and sales employees. Some have watched up to 70 percent of their pensions vanish. They’ve banded together to seek justice in court and on Capitol Hill under the banner of the Delphi Salaried Retiree Association.”
The rest of this article can be read at the following link:
Michelle Malkin | » The Autoworkers Obama Left Behind
In another article on the subject, Michelle Malkin described the personal hardships faced by the 20,000 non-union GM/Delphi workers. Here are a few examples of what these workers had to say:
“I’m one of the Delphi Salaried Retirees that lost the health care, life insurance and 67 percent of the pension I was promised in retirement after working hard for 40 years,” Charles Stone of Michigan e-mailed. “Words cannot describe the frustration and let down these events have thrust on my family’s lives, and to have GM’s rescue all sugar-coated in the current political environment is like putting lipstick on a pig. … We will continue to fight to right this grievous wrong.”
Tom Rose of Ohio added: “I am one of the 20,000 salaried retirees that lost all of my health care and — in my case — a 40 percent pension cut. So I am now paying increased health care costs with fewer pension dollars and contributing what is left to our lawsuit to correct this injustice. Meanwhile, the politically connected union has their full pension and 90-plus percent of their health care. You have hit upon the key question: How can our own federal government pick winners and losers amongst its own citizens?”
Michelle Malkin | » Meet the real workers Obama screwed over
When Obama stated that he would bail out other industries the way he did GM, I laughed out loud.
Edited to add: Some of Obama's supporters may attempt to claim that he had nothing to do with what happened to the Delphi workers. I would remind them of two things: (1) It was Obama's team who was in complete charge of the entire affair; and (2) Obama had to know about the injured Delphi workers yet he did nothing to correct this injustice. Obama brags about having a pen to implement his agenda, but he refused to use it to help 20,000 hard working men and women who were grievously harmed by their own government's actions. The only logical conclusion is that Obama doesn't give a shit about anyone unless they can help him stay in office. Non-union workers can be sacrificed because union workers support the king. This is so ******* sad.
