Campfire Blog

Obama Took Pensions of 20,000 Nonunion Workers

Administration’s bailout of General Motors helped unions while targeting other workers

President Obama said the protection of pensions was a high priority for him. But in 2009, the administration, in its takeover of General Motors, terminated the pensions of nonunion workers at a plant that supplied parts to GM. Meanwhile, despite contradictory testimony under oath, there is email evidence that President Obama’s Treasury Department sought to protect the pensions of GM’s union employees.

Listen to some of the 20,000 who were hurt by his actions talk about their struggles (30 seconds), and read the Daily Caller report on how evidence reveals the administration gave special treatment to union employees while hurting nonunion workers (3 pages).

  1. Margie

    Nissan has been down since the Christmas break and not assembled one car in the U.S., yet their ernite full-time workforce has still reported to their workplace every day for training etc. Should the Detroit Three copy that business model? It sounds like a disguised jobs bank to me.Pointing fingers will not solve the auto industry problems; however, it would be interesting to analyze the Detroit Three’s total labor cost for salary on an hourly basis and compare that to the Japanese transplants. If the new initiative of the auto industry is to emulate the Japanese auto industry business model, no stone should remain unturned in that process. C.E.O.s working for a dollar-per-year is nothing but a publicity stunt. Likewise, double- charging the current organized workforce for their own retirement costs along with past workers’ costs is a bit sensationalistic and a strange way to analyze labor cost. Realistically, if the current workforce is burdened with the past workforce’s retirement cost, shouldn’t the future workforce be charged with the current workforce’s retirement costs? It appears to me that as a UAW current worker, I am paying not only my bill but everyone else’s too. Maybe an accountant on this blog can explain how labor costs are determined using generally accepted accounting principles instead of an analysis designed to sell newspapers or a collective bargaining stratagem.

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