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A White House that punishes adversaries, pays off friends
Investors Business Daily ^ | 10-4-12 | editorial

Posted on 10/05/2012 8:25:58 AM PDT by afraidfortherepublic

Cronyism: Did the Obama administration stiff a group of non-union workers and pay off a political ally in the 2009 auto bailout? Yes, it did, says the chairman of the House Ways and Means Committee.

When the administration turned General Motors into Government Motors in 2009's M&A of the automaker, it made sure that retirees from Delphi Corp. who were members of the United Auto Workers didn't lose a dime from their pensions.

The White House, though, was not as generous with the nonunion retirees from GM's parts supplier.

Roughly 22,000 Delphi retirees who were salaried employees and not members of a union were stripped of up to two-thirds of their pensions during the bailout.

They weren't even invited to negotiations by the administration, while the politically favored UAW was asked to sit at the table with GM.

The White House has long rejected charges that there was political manipulation from the administration. It claims that it was in no way involved in the decision and sent officials to Capitol Hill to testify that there was no manipulation from Obama's circle.

But Rep. Dave Camp, chairman of the House Ways and Means Committee, one of three congressional panels probing the pension question, says he has found evidence to the contrary.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: camp; cronyism; delphi; gm; uaw

1 posted on 10/05/2012 8:26:08 AM PDT by afraidfortherepublic
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To: afraidfortherepublic
The appearance of an ugly cover-up by the White House, which has not directly responded to Camp's requests for documents related to Delphi, gets stronger almost by the day, as does the appearance of a payoff to the union.

Where is the outrage from the Repub "Leadership"?? The fact that this regime simply refuses to "respond" to EVERY SINGLE question about it's unethical practices is the highest injustice we've known.

2 posted on 10/05/2012 8:32:19 AM PDT by Jane Long (Soli Deo Gloria!)
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To: afraidfortherepublic

Another Obama scandal and cover-up that’s gone virtually unnoticed by the lame stream media. I just hope and pray the whole truth about this administration starts coming out after he’s booted next month.


3 posted on 10/05/2012 8:33:28 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: afraidfortherepublic

I have never understood why there aren’t huge lawsuits here. This is fraud, illegal taking, so much...?


4 posted on 10/05/2012 8:35:44 AM PDT by Mamzelle
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To: afraidfortherepublic

A White House that punishes adversaries, pays off friends

Hey it is the Chicago way!


5 posted on 10/05/2012 8:40:51 AM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: afraidfortherepublic

With its roots in Al Capone style “protection rackets” this is just Chicago style politics in action.


6 posted on 10/05/2012 10:18:49 AM PDT by The Great RJ
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To: Jane Long

Republican leadership? HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA...STOP IT...HA HA HA HA!


7 posted on 10/05/2012 11:51:58 AM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are just useful idiots.)
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To: Fledermaus

Yep...thus the quotation marks, FRiend ;)


8 posted on 10/05/2012 11:56:55 AM PDT by Jane Long (Soli Deo Gloria!)
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To: Mamzelle

I haven’t heard a peep from the people who lost their dealerships. I thought something would have risen to Supreme Court level by now, though Roberts can no longer be trusted.


9 posted on 10/05/2012 3:29:47 PM PDT by ntnychik
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