Posted on 08/08/2012 7:08:29 PM PDT by neverdem
My brother-in-law is one of the Delphi retirees that got stiffed by the government. I’m forwarding this article to him.
My husband is one of the salaried retirees. I could give you an earful on the situation. But one REALLY important thing, unmentioned in all the articles, is that the pension was funded better than most pensions out there today. But yet, since it was thrown to the PBGC, monthly pensions are reduced from 30-70 percent. Totally unnecessary.
Why am I not surprised?
Everything this administration touches is corrupted by their presence!
Is this situation ripe for a lawsuit - that includes certified paper birth records for Obama?
I was thinking the same thing. If it turns out he’s not legit he should have to be personally held liable for all these lost pensions and shut down dealerships.
“Dats a nice lookin’ pension ya got dere...”
The GM bailout is like a tapeworm that has the luxury of living in two people at the same time.........GM and the American taxpayer. They are a scientific marvel to behold; a parasite that can multitask hosts.
“I was thinking the same thing. If it turns out hes not legit he should have to be personally held liable for all these lost pensions and shut down dealerships.”
This is the reason that if he isn’t, we will definitely be dust long, long, before it is “revealed”. It would be a much bigger secret than the alien ship in Area 51. The legal ramifications would be mind-boggling.
Waiting for the NY Times front page expose on this....
any day now ...
yup ...
just like waiting for Godot
Clarification please, somebody. Did these 20,000 get anything? Doesnt the PBGC Guarantee 60% or some such percentage of all pensions?
Maybe CNN will report it. Their ratings are in the tank. Maybe they will try reporting some news now.
That concept would make a great ad for Romney. Show BO smiling and gladhanding at Solyndra, then show the bankrupt empty building. Show him trying to get the olympics, then show the award going elsewhere. Show him touting those electric cars, then show how many were not sold and cars catching on fire. Show him picking winners in sports and the aftermath of when his chosen teams loose. Show him with ACORN then show footage of Acorn members going to jail .... you could go on forever.
Pubbies should hit hard in the “auto states” with ads regarding this fiasco. It isn’t reported by the crappy American press,...therefore, in terms of public consciousness, IT DIDN’T HAPPEN.
All those dealership employees, too, tens of thousands of employees screwed by Obama. If Romney killed Mr. Scoopitus’ wife, then Obama destroyed 100,000 auto industry jobs.
Well, then, let's boggle. I'm tired of this gay Commie clownshow and their MSM fanboys. Let's get after it. Start suing people and indicting people under state securities laws. Feds aren't God.
Rush started in on the BC and docs on Tuesday. Let's hope he keeps it up, Breitbart or no Breitbart.
This was done so the union pensions could be funded at the expense of non-union employees. “Auto states” being mostly union I think ads by the republicans would only rally the unions.
The “auto states” are Ohio and Michigan, where most of Delphi’s operations are. You’re not going to get the UAW votes anyway, but a lot of people in Michigan are NOT very aware of the Delphi situation because all they know is whatever anecdotals they’ve come across. There has been a news blackout on this situation. More cover-up for the Sainted One
I’m a native Michigander with lots of ties to the state, though I no longer live there.
“Doesnt the PBGC Guarantee 60% or some such percentage of all pensions?”
The PBGC guaranteed benefit depends on a variety of factors. These include age, years of service and ownership. There is also a cap on the dollar amount that is indexed for inflation.
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