Our "post-partisan" president is a most-partisan president. Unions are one of the most loyal donors to Democratic political coffers. And they often supply volunteers for political campaigns. Remember, just 12 percent of Americans belong to a union.
The Detroit News' Nolan Finley takes a look at how President Obama is rewarding union workers over non-union ones.
As part of Delphi's restructuring in bankruptcy court, the Troy-based auto parts maker dumped its pension plan onto the federal Pension Benefit Guarantee Corp.
That usually means a continued pension check, but one that is much smaller. And for Delphi's salaried workers, that's what they can expect.
Delphi's union-represented workers, however, will dodge that bullet. The Obama administration swooped in and, in an extraordinary deal, is forcing General Motors to make the 46,000 union workers and retirees whole. GM used to own Delphi, and relies on the supplier for much of its parts.
"The U.S. government is taking care of a select group of people and tossing the rest of us under the bus," Peter Beiter, a retired financial manager for a Delphi plant in Rochester, N.Y., told the New York Times
And the government now owns GM. The government is abusing its power.
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I think the reason stories like this don't get much traction is the phrase "salaried workers". Most people wrongfully think all salaried workers are in executive positions, the most aren't.
ReplyDeleteThe buyers,engineers,IT staffs and the like are almost always salaried staff, and many not making much more money than the floor workers.