Is Mr Obama using other people's pensions to reward the UAW?

by **crom** » Mon Apr 04, 2011 5:13 am

Putting their claim as bondholder subservient to the UAW contrary to all known bankruptcy law and precedents? (i.e. the Indiana Pension Fund of all those firefighters & police officers that are suing in the U.S. Supreme Court)

by oz » Mon Apr 04, 2011 5:15 am

Yes he is exploiting the pension fund, others have gone to jail for doing what he is doing

by **amdt57** » Mon Apr 04, 2011 5:17 am

Yes he is exploiting the pension fund, others have gone to jail for doing what he is doing

The administration was able to successfully spin the same action, literally stealing from bondholders for the profiting of the UAW in the GM government take over.
The take overs of both auto makers is nothing less than the formation of a partnership between the Obama administration and the Unions which in itself should be illegal.
But, I think there might be a silver lining to this black cloud of deceit. There is abundant proof of the inability of government success in management indicating that a further decline of GM is eminent.
In the long term, Obama may prove to be the greatest "union buster" of all time.

by **cinnard** » Mon Apr 04, 2011 5:24 am

When a corrupt politician like Obama tries to pay off everybody, someone is bound to get left out. This time he paid off the UAW which supported him. But he did it at the expense of the teachers and public employee unions which also tried to bribe him, so hopefully they will all learn that you do not always get paid back when you support a corrupt politician.

by **fychan97** » Mon Apr 04, 2011 5:31 am

Right. That is what any good liberal would do for votes. Consider he has all the union votes, the teachers votes, the black votes, the hispanic votes and the young goofy flower power votes. He only had to get a few hanging chads to be elected and/or pass any legislation he wants. Not that he will wait for legislation enabling him. He is expanding executive power like Nixon never even thought of.

by **sheridan93** » Mon Apr 04, 2011 5:50 am

The old saying goes. You can take the person out of the ghetto. But you can't take the ghetto out of the person. Everywhere he goes there seems to be deception.

by **larry** » Mon Apr 04, 2011 5:55 am

Absolutely he is and it is unconsitutional.

That is why Ginsburg is trying to stop it.

by **seager** » Mon Apr 04, 2011 5:58 am

You should read last month's Mother Jones. It'll open your eyes.

by **flannagain** » Mon Apr 04, 2011 6:01 am

Sure.

by **abisha** » Mon Apr 04, 2011 6:18 am

Sickening isn't it?

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