rd150, why would our government give tax payer money to one group over another because they belonged to a union? This is merely taking care of your political base. The steel mills did not have government intervention with infusion of tax dollars. When they stepped in, it should have been fair and TRANSPARENT. Government Motors can keep their cars until they decide to be an honorable company.
Freeatlast, contracts have not a thing to do with it. The hourly retirees rec'd the same thing via the PBGC that the salaried did. Difference is, GM made up the differences (what they lost) with tax payer money. PBGC is not exactly being honest here. Surprise, surprise. Where did these folks fully funded pension go?
Education Voter, if you were a teacher, then that explains the test scores and grad rates around here. You have been presented some facts here and still don't get it. You need to go back to school yourself but this time make it a charter.
cambridge, Delphi & GM came out of bankruptcy in 09 under the handling of the Treasury''s Presidential Auto Task Force so the final decisions on how to handle the retirees was done by them. The salaried pension fund was terminated under them, only to learn that it was no where near being underfunded to the degree that was portrayed. The pensions and liens held to protect them were merely in the way of this expedited bankruptcy. Political favorites had benefited protected, others were robbed with no explanation. The rule of law was ignored. This was private industry yet the government put their politics into it. President Obama has shown he is just another politician, despite what he promises when he campaigns. He is dangerous for our country.
cambridge, the reason many are voting Against Obama is for what he has put them through. Everything they worked for was ripped away in the President's bailout of GM. The Admin has been obstructive to their requests for transparency & FOI requests, witnesses for the Admin have lied under oath, retirees have had to spend millions to get some answers to where all their pension money went. And they should trust him to administer healthcare fairly? These folks have no healthcare, life ins or much of their pension BECAUSE of him.Past performance is an indicator of future. Barack Obama does not deserve, nor has he earned reelection.
Education Voter, I tried to explain some of the circumstances here b4 to u but sadly, you sound like a Hater. What do u think happens to schools when tax payers are robbed of their income to support them & the teachers? Seems to me that you should deduce this kind of stuff. These retirees have to pay for healthcare out of pensions that were basically cut in half. Do u know what healthcare costs for senior citizens who have none? Can u afford about a thousand a month if we cut your pension in half? Be smart here, not an obstacle to what is clearly a benefit for all including the community.
Jiedel, Terrible what happened to steel workers. No question. Difference here is the government stepped into this GM bailout with tax payer funds and took care of those who were their strong supporters. Adding insult to injury, the Salaried fund was well enough funded and should have not been dumped to begin with. The steel industry never had government intervention into the bankruptcies.
Education Voter, If u have kept up with this, u would know that the final and approved 'screwing' came via the President's Auto Task Force and they quickly moved to terminate the salaried plan unnecessarily. Your defense of such treatment is not an 'educated' one. If u think contracts mean something in bankruptcy, tallk to the guys at RG steel.
Another year passes by while Delphi retirees wait for justice
rd150, why would our government give tax payer money to one group over another because they belonged to a union? This is merely taking care of your political base. The steel mills did not have government intervention with infusion of tax dollars. When they stepped in, it should have been fair and TRANSPARENT. Government Motors can keep their cars until they decide to be an honorable company.
February 20, 2013 at 10:16 a.m. permalink suggest removal
Mediation rejected for Delphi retirees
Freeatlast, contracts have not a thing to do with it. The hourly retirees rec'd the same thing via the PBGC that the salaried did. Difference is, GM made up the differences (what they lost) with tax payer money. PBGC is not exactly being honest here. Surprise, surprise. Where did these folks fully funded pension go?
September 30, 2012 at 2:27 p.m. permalink suggest removal
President earned another term
Sorry Frank, you make a very weak argument for reelecting Obama. Thought you were smarter than this. Please do more homework.
September 17, 2012 at 11:39 p.m. permalink suggest removal
A moment of truth for Obama
Education Voter, if you were a teacher, then that explains the test scores and grad rates around here. You have been presented some facts here and still don't get it. You need to go back to school yourself but this time make it a charter.
September 16, 2012 at 1 p.m. permalink suggest removal
A moment of truth for Obama
cambridge, Delphi & GM came out of bankruptcy in 09 under the handling of the Treasury''s Presidential Auto Task Force so the final decisions on how to handle the retirees was done by them. The salaried pension fund was terminated under them, only to learn that it was no where near being underfunded to the degree that was portrayed. The pensions and liens held to protect them were merely in the way of this expedited bankruptcy. Political favorites had benefited protected, others were robbed with no explanation. The rule of law was ignored. This was private industry yet the government put their politics into it. President Obama has shown he is just another politician, despite what he promises when he campaigns. He is dangerous for our country.
September 11, 2012 at 1 p.m. permalink suggest removal
A moment of truth for Obama
cambridge, the reason many are voting Against Obama is for what he has put them through. Everything they worked for was ripped away in the President's bailout of GM. The Admin has been obstructive to their requests for transparency & FOI requests, witnesses for the Admin have lied under oath, retirees have had to spend millions to get some answers to where all their pension money went. And they should trust him to administer healthcare fairly? These folks have no healthcare, life ins or much of their pension BECAUSE of him.Past performance is an indicator of future. Barack Obama does not deserve, nor has he earned reelection.
September 11, 2012 at 11:53 a.m. permalink suggest removal
A moment of truth for Obama
Education Voter, I tried to explain some of the circumstances here b4 to u but sadly, you sound like a Hater. What do u think happens to schools when tax payers are robbed of their income to support them & the teachers? Seems to me that you should deduce this kind of stuff. These retirees have to pay for healthcare out of pensions that were basically cut in half. Do u know what healthcare costs for senior citizens who have none? Can u afford about a thousand a month if we cut your pension in half? Be smart here, not an obstacle to what is clearly a benefit for all including the community.
September 11, 2012 at 10:56 a.m. permalink suggest removal
Brown will seek funds for Delphi retirees
Jiedel, Terrible what happened to steel workers. No question. Difference here is the government stepped into this GM bailout with tax payer funds and took care of those who were their strong supporters. Adding insult to injury, the Salaried fund was well enough funded and should have not been dumped to begin with. The steel industry never had government intervention into the bankruptcies.
September 7, 2012 at 2:48 p.m. permalink suggest removal
Time to save part of our Valley
Education Voter, If u have kept up with this, u would know that the final and approved 'screwing' came via the President's Auto Task Force and they quickly moved to terminate the salaried plan unnecessarily. Your defense of such treatment is not an 'educated' one. If u think contracts mean something in bankruptcy, tallk to the guys at RG steel.
September 4, 2012 at 11:41 a.m. permalink suggest removal
Time to save part of our Valley
correction; . . . should not gain u something that others who are NOT in that group can't gain.
September 3, 2012 at 10:26 p.m. permalink suggest removal