The Delphi Disaster: An Economic Horror Story Obama Won’t Tell

September 22, 2010 07:19


‘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.’ – Michelle Malkin

Michelle Malkin at Townhall.com

EXCERPTS:

‘As Washington rushed to nationalize the U.S. auto industry with $80 billion in taxpayer “rescue” funds and avoid contested court termination proceedings, the White House auto team schemed with Big Labor bosses to preserve UAW members’ costly pension funds by shafting their nonunion counterparts. In addition, the nonunion pensioners lost all of their health and life insurance benefits.’

‘The scheme was documented in sworn depositions (that) revealed … that some groups of workers were more ‘politically sensitive’ and would be afforded special treatment (i.e. subsidy using TARP money) while others less politically worthy would be left out.”‘

‘In other words: Obama’s team of auto-crats — stocked with Big Labor-friendly appointees and self-admitted know-nothings about the car industry — decided to “cherry pick” (one Obama official’s own words) which obligations the new Government Motors company would assume and which they would abandon based on their own political whims and fealty.’

‘A separate investigation by TARP inspector general Neil Barofsky, announced last week, will also probe “whether political considerations played a role in favoring hourly over salaried retirees.”‘

FULL STORY



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