Govt to Investigate Obama’s Big Labor Bailout
September 15th, 2010Ben Johnson, FloydReports.com
Barack Obama is facing yet another well-deserved corruption investigation. Neil Barofsky, the special inspector general who oversees federal bailouts, has announced he will look into what the New York Times calls “a lingering mystery”: why the government fully funded the pensions of union workers at Delphi following Obama’s hostile takeover of General Motors, while the government simultaneously gutted the retirement accounts of non-union employees.
Some 21,000 white collar employees of the GM spin-off company, Delphi, will see their pensions lose 30 to 70 percent of their value. To put that in perspective, a small city of retirees who thought they earned an annual retirement of $75,000 will receive less than $23,000.
On the other hand, members of the United Auto Workers….
An election for President and Commander in Chief of the Military must strive to be above reproach. Our public institutions must give the public confidence that a presidential candidate has complied with the election process that is prescribed by our Constitution and laws. It is only after a presidential candidate satisfies the rules of such a process that he/she can expect members of the public, regardless of their party affiliations, to give him/her the respect that the Office of President so much deserves.
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