Delphi Pension Scandal: A Story That Should Be Bigger ( Archived) (14)

Aug 23, 2012 8:51 PM CST Delphi Pension Scandal: A Story That Should Be Bigger
IamTab
IamTabIamTabCookeville, Tennessee USA77 Threads 341 Posts


While it's true that national campaigns, especially the presidential, have to focus on broader themes and stay on message, there remains a laundry list of specifics that down-ticket candidates and new media types could and should be relentlessly hammering away at. Most notable among the topics are the Fast and Furious scandal, the failure of Solyndra and other stimulus backed “green” initiatives and the cronyism involved in implementing the Affordable Care Act in the form of waivers to Big Labor and other strong Obama supporters.

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.

The Obama administration insists that the decision was an independent one made by the Pension Benefit Guaranty Corporation. The PBGC is yet another one of the many independent-in-theory organizations that is chartered to make decisions about the private sector yet remains a part of the bureaucratic federal behemoth.

There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.

The president and his surrogates are fond of trotting out isolated, heartstring-tugging, examples of the purported successes of the stimulus and the auto industry bailout, despite the fact that neither program has had many of them. (And yes, dear liberal readers, I know that the auto bailout began under George W. Bush. I wasn't a fan of it then, either.)

This administration and its surrogates are forever peddling the notion that they are the only ones who truly care about the futures of seniors and soon to be retirees, which makes its very casual and real disruption of twenty thousand lives (more, actually, when the family members affected are factored in) at just one company all the more hypocritical and cruel. It is true that many pension plans in America are being altered to fit economic realities. Had the PBGC made across-the-board cuts at Delphi this would be just another sad story about this recession. The preservation of the union pensions at the expense of non-union employees makes it a prime example of exactly which Americans the Obama administration is fighting for and which are expendable
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Aug 23, 2012 9:16 PM CST Delphi Pension Scandal: A Story That Should Be Bigger
HealthyLiving
HealthyLivingHealthyLivingSomewhere In, Tennessee USA527 Threads 2 Polls 4,775 Posts
I agree, someone needs to make Big Noise about this!

HLvery mad
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Aug 23, 2012 11:43 PM CST Delphi Pension Scandal: A Story That Should Be Bigger
Godsgift
GodsgiftGodsgiftEnnis, Clare Ireland251 Threads 13 Polls 10,040 Posts
Oh another anti Obama thread from the O/P. What a surprise!yawn
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Aug 24, 2012 12:00 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
IamTab: http://beforeitsnews.com/opinion-liberal/2012/08/delphi-pension-scandal-a-story-that-should-be-bigger-2446242.html

While it's true that national campaigns, especially the presidential, have to focus on broader themes and stay on message, there remains a laundry list of specifics that down-ticket candidates and new media types could and should be relentlessly hammering away at. Most notable among the topics are the Fast and Furious scandal, the failure of Solyndra and other stimulus backed “green” initiatives and the cronyism involved in implementing the Affordable Care Act in the form of waivers to Big Labor and other strong Obama supporters.

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.

The Obama administration insists that the decision was an independent one made by the Pension Benefit Guaranty Corporation. The PBGC is yet another one of the many independent-in-theory organizations that is chartered to make decisions about the private sector yet remains a part of the bureaucratic federal behemoth.

There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.

The president and his surrogates are fond of trotting out isolated, heartstring-tugging, examples of the purported successes of the stimulus and the auto industry bailout, despite the fact that neither program has had many of them. (And yes, dear liberal readers, I know that the auto bailout began under George W. Bush. I wasn't a fan of it then, either.)

This administration and its surrogates are forever peddling the notion that they are the only ones who truly care about the futures of seniors and soon to be retirees, which makes its very casual and real disruption of twenty thousand lives (more, actually, when the family members affected are factored in) at just one company all the more hypocritical and cruel. It is true that many pension plans in America are being altered to fit economic realities. Had the PBGC made across-the-board cuts at Delphi this would be just another sad story about this recession. The preservation of the union pensions at the expense of non-union employees makes it a prime example of exactly which Americans the Obama administration is fighting for and which are expendable
You don't like Bush , you don't like Obama and you would, I guess ,put someone else in because he's someone else . Careful what you wish for .
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Aug 24, 2012 12:11 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
Godsgift
GodsgiftGodsgiftEnnis, Clare Ireland251 Threads 13 Polls 10,040 Posts
epirb: You don't like Bush , you don't like Obama and you would, I guess ,put someone else in because he's someone else . Careful what you wish for .



I believe there's some Syrian guy looking for a new job. I also believe he has experience. wink
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Aug 24, 2012 12:26 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
Godsgift: I believe there's some Syrian guy looking for a new job. I also believe he has experience.
The way both partys distroy each other , I think someone like the first Prince of Wales would be best , of course this could be overcome by going cap in hand to the Queen and saying , thats it all been a dreadful mistake the Boston teaparty , little matter of the 1760's war , getting chummy with France . The dear Lady could even send a prince or two to run the show .Save lots of money the colony doesn't have . laugh
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Aug 24, 2012 1:09 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
Obama should not get any pension.
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Aug 24, 2012 1:13 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
epirb: You don't like Bush , you don't like Obama and you would, I guess ,put someone else in because he's someone else . Careful what you wish for .


That's exactly how Obama got into office.
He wasn't from the Bush league.
But he WAS from the CFR league.
Both candidates always are.

It's impossible to vote for true change in the US.
Both parties represent the same power structure.
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Aug 24, 2012 1:20 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
Godsgift: Oh another anti Obama thread from the O/P. What a surprise!


Well it IS a presidential election year.
And it IS a sort of life-and-death, last chance, situation.
And this IS the Current Events and Politics category.
etc.
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Aug 24, 2012 1:25 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
chris27292729
chris27292729chris27292729IOS island, South Aegean Greece93 Threads 15,811 Posts
So they need a strong Third party,to split this "power structure".
RayfromUSA: That's exactly how Obama got into office.
He wasn't from the Bush league.
But he WAS from the CFR league.
Both candidates always are.

It's impossible to vote for true change in the US.
Both parties represent the same power structure.
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Aug 24, 2012 1:52 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
RayfromUSA
RayfromUSARayfromUSAvienne, Rhone-Alpes France86 Threads 29 Polls 6,611 Posts
chris27292729: So they need a strong Third party,to split this "power structure".


I doubt if that would work.

The cost of elections ensures that only the super-rich have any voice.

Adding another party wouldn't change that.

It's like an old tree that's infested with parasites and is rotten from its roots to its branches.

Not much left to do but cut it down and start over.
And that's much too big a project for a lazy tired population.
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Aug 24, 2012 2:27 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
epirb: The way both partys distroy each other , I think someone like the first Prince of Wales would be best , of course this could be overcome by going cap in hand to the Queen and saying , thats it all been a dreadful mistake the Boston teaparty , little matter of the 1760's war , getting chummy with France . The dear Lady could even send a prince or two to run the show .Save lots of money the colony doesn't have .
Prince Harry!
He will MOON everyone good!laugh
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Aug 24, 2012 2:33 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
Conrad73: Prince Harry!
He will MOON everyone good!
Still , could do with some of the company he keeps around here wow
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Aug 24, 2012 2:47 AM CST Delphi Pension Scandal: A Story That Should Be Bigger
IamTab: http://beforeitsnews.com/opinion-liberal/2012/08/delphi-pension-scandal-a-story-that-should-be-bigger-2446242.html

While it's true that national campaigns, especially the presidential, have to focus on broader themes and stay on message, there remains a laundry list of specifics that down-ticket candidates and new media types could and should be relentlessly hammering away at. Most notable among the topics are the Fast and Furious scandal, the failure of Solyndra and other stimulus backed “green” initiatives and the cronyism involved in implementing the Affordable Care Act in the form of waivers to Big Labor and other strong Obama supporters.

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.

The Obama administration insists that the decision was an independent one made by the Pension Benefit Guaranty Corporation. The PBGC is yet another one of the many independent-in-theory organizations that is chartered to make decisions about the private sector yet remains a part of the bureaucratic federal behemoth.

There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.

The president and his surrogates are fond of trotting out isolated, heartstring-tugging, examples of the purported successes of the stimulus and the auto industry bailout, despite the fact that neither program has had many of them. (And yes, dear liberal readers, I know that the auto bailout began under George W. Bush. I wasn't a fan of it then, either.)

This administration and its surrogates are forever peddling the notion that they are the only ones who truly care about the futures of seniors and soon to be retirees, which makes its very casual and real disruption of twenty thousand lives (more, actually, when the family members affected are factored in) at just one company all the more hypocritical and cruel. It is true that many pension plans in America are being altered to fit economic realities. Had the PBGC made across-the-board cuts at Delphi this would be just another sad story about this recession. The preservation of the union pensions at the expense of non-union employees makes it a prime example of exactly which Americans the Obama administration is fighting for and which are expendable


that is also the difference between union and non-union, the union has a grip on the contract and with the contract you can not make such a move with out someone making noise and everyone finding out about it. Whereas with non-union they can do exactly what they want and nothing you can do about it.

I am not saying that both sides are right or wrong, but sometimes you have to weigh the odds. I have been on both sides and they both have their ups and downs. I wish you luck on the fight. but the best place for that is in court.thumbs up
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