New Reveal Politics ad: Politics and Pensions
On August 7th of this year America’s Watchtower reported in this post that newly released emails showed that Timothy Geithner might have played a role in cutting off non-union employee pensions while protecting the pensions of union employees during the General Motors bailout that Barack Obama likes to claim is one of his crowning achievements as president.
Here is part of what I wrote:
You may or may not remember this, but when the Obama regime bailed out the automakers industry 20,000 non-union retirees lost their rightfully earned pensions while all retired union members were allowed to keep what they rightfully earned during the course of their careers.
This, of course, is in direct contrast to what Barack Obama stated when he was running for the office he currently holds. During the 2008 campaign Barack Obama said not protecting a person’s pension was “not the America I believe in” and promised to protect the workers’ interests ahead of the interests of the bankers:
Right now, bankruptcy laws are more focused on protecting banks than protecting pensions,” Obama said then. “And, I don’t think that’s fair. It’s not the America I believe in. It’s time to stop cutting back the safety net for working people while we protect golden parachutes for the well-off. If you’ve worked hard and played by the rules, then you’ve earned your pension. If a company goes bankrupt, then workers need to be our top priority, not an afterthought
Apparently, although he didn’t say so, he was only talking about unionized workers and not all workers because the Obama regime made sure the Democrats’ largest special interest group was taken care of while the non-union workers lost what they earned and he did nothing to stop it. So much for earning your pension if you are not a member of Barack Obama’s preferred class of people.
Here is a new ad released by Reveal Politics which takes Barack Obama to task for not protecting the pensions of non-union Delphi employees when he took over General Motors.