joQQeb Wrote:
Sep 05, 2012 8:38 AM
The biggest secret of this entire GM bailout is that while it ‘saved’ all those UAW jobs and pensions; it was at a stagtgering personal cost. Over 4,000 non-union white-collar employees and engineers at Delphi (a GM subsidiary) were laid off and their pensions evaporated. The government insisted that ‘secured’ creditors take a back seat in the restructuring to unions unsecured positions. The President is supposed to care for all Americans, not just union employees but non-union employees, small investors, and other every day people as well