« Good News: You Know How Much You Thought You Were Losing On The Government Motors Bailout? Yeah, You're Losing More Than That | Main | California Supreme Court Rules Prop 8 Proponents Can Defend State Interests Without State Officials »
November 17, 2011

Obama, Unions, Corrupt, Etc. #4,896


It just keeps coming out, bit by bit.

Back to the GM bankruptcy again. Think the bondholders and taxpayers were the only ones that got boned? Oh, no, no no.

Is there a single instance where this administration, when faced with a choice, did not default to screwing people and then giving the proceeds to their friends?

How is this not a brazen daylight robbery?

DAYTON — The U.S. House of Representatives Committee on Oversight and Government Reform demanded answers in a local hearing Monday on why pensions for salaried retirees of Delphi were treated differently than pensions for other company retirees.

At issue is the fact that salaried Delphi retirees saw cut their pensions cut by 30 to 70 percent when the pensions were transferred to the federally backed Pension Benefit Guaranty Corp. in 2009, while General Motors elected to support or “top off” the pensions of retirees represented by three large unions.

Many of these folks worked their whole lives for GM/ Delphi and their pensions were nearly wiped out during the bankruptcy proceedings, while the union folks' were actually enhanced.

Please read the whole article. It helps to have something to bite down on, like a strip of tree bark, or a leather wallet.

From Darrell Issa's Twitter feed; he refers to this event as the Delphi pension "heist." There is no more apt description.

Everything this administration does is of a piece. Remember: "...we're going to punish our enemies and we're going to reward our friends."

Suckers of cock.

digg this
posted by Laura. at 12:43 PM

| Access Comments

Recent Comments
JackStraw: ">>You are forcing the seller to work for the city/ ..."

Blutarski-esque 0.0: "The diving in this Costa Rica - Brazil game is exq ..."

Mr. Peebles: "[i]the seller acts as tax collectors of sorts, rem ..."

Not Perpetually Outraged: "Progressives lie and are hypocritical. Some conser ..."

Zod: "The "Welcome To America" Time cover on Drudge miss ..."

illiniwek: "Amazon and others have collected state tax for qui ..."

The Great White Scotsman: "You are forcing the seller to work for the city/ ..."

jakee308: "Posted by: Hikaru at June 22, 2018 09:31 AM (WDCYi ..."

Texian ette: "Oh, bike lanes!  Don't get me started!Galvest ..."

Forgot My Nic [/i]: "[i]I don't know how Amazon will be affected by thi ..."

Lizzy[/i]: "Also funding coyotes: companies contracted to shel ..."

Captain Hate: "[i]Not to mention that conservatives adapt, and th ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64