In other words: Obama's team of auto-crats -- stocked with Big Labor-friendly appointees and self-admitted know-nothings about the car industry -- decided to "cherry pick" (one Obama official's own words) which obligations the new Government Motors company would assume and which they would abandon based on their own political whims and fealty. Due process and equal treatment of union and nonunion workers be damned. Administration officials assert that the Delphi workers' pension fund was underfunded, but two separate actuarial analyses undercut the claim.
The Delphi workers sued the feds and will have a day in court on Sept. 24. They are not asking for a bailout. They are simply asking for fair treatment under the rule of law. Delphi supporters also point out that the very scheme used to "top up" the union workers' pensions with taxpayer subsidies was challenged by the federal government and ruled illegal by the Supreme Court in the 1990s.
A separate investigation by TARP inspector general Neil Barofsky, announced last week, will also probe "whether political considerations played a role in favoring hourly over salaried retirees." It shouldn't take long to unearth the facts. Obama's own former auto czar Steve Rattner admitted in his new memoir that "attacking the union's sacred cow" could "jeopardize" the auto bailout deal.
While Obama conducts his worker empathy tour at staged town halls and rallies across the country, his Treasury Department continues to stonewall and refuses to answer questions about the Delphi disaster. But many workers left out in the cold know the truth: Lip-biting, yarn-spinning Obama doesn't feel their pain. He caused it.
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