Ace of Spades HQ

November 17, 2011

Obama, Unions, Corrupt, Etc. #4,896
— LauraW

MORE.

It just keeps coming out, bit by bit.

Back to the GM bankruptcy again. Think the bondholders and taxpayers were the only ones that got boned? Oh, no, no no.

Is there a single instance where this administration, when faced with a choice, did not default to screwing people and then giving the proceeds to their friends?

How is this not a brazen daylight robbery?

DAYTON Â— The U.S. House of Representatives Committee on Oversight and Government Reform demanded answers in a local hearing Monday on why pensions for salaried retirees of Delphi were treated differently than pensions for other company retirees.
At issue is the fact that salaried Delphi retirees saw cut their pensions cut by 30 to 70 percent when the pensions were transferred to the federally backed Pension Benefit Guaranty Corp. in 2009, while General Motors elected to support or Â“top offÂ” the pensions of retirees represented by three large unions.

Many of these folks worked their whole lives for GM/ Delphi and their pensions were nearly wiped out during the bankruptcy proceedings, while the union folks' were actually enhanced.

Please read the whole article. It helps to have something to bite down on, like a strip of tree bark, or a leather wallet.

From Darrell Issa's Twitter feed; he refers to this event as the Delphi pension "heist." There is no more apt description.

Everything this administration does is of a piece. Remember: "...we're going to punish our enemies and we're going to reward our friends."

Suckers of cock.

Posted by: LauraW at 08:43 AM | Comments (76)
Post contains 264 words, total size 2 kb.

1 The very first internet stock I bought was Delphi. sigh

Posted by: Dave at November 17, 2011 09:14 AM (Xm1aB)

2
Big Pension

Posted by: Soothsayer at November 17, 2011 09:15 AM (sqkOB)

3 This is the stuff that's going to lead to war in this country. I know, I know I shouldn't throw around the war stuff but I was listening to the news just now talking about the OWS stuff that's going on today and then the whole moment of solidarity stuff came up on Rush and I nearly went off the road in rage and it just feels like we're at a point of explosion.

At this point cannot cope off to Mordor seems like a wise choice.

Posted by: alexthechick at November 17, 2011 09:15 AM (Gk3SS)

4 Let's not feed the curious/sky troll on this thread please.

Posted by: dagny at November 17, 2011 09:16 AM (LVDiz)

5 We don't give a shit. We like us some unions!

Posted by: Ohio Voters at November 17, 2011 09:18 AM (Xm1aB)

6
It does seem like it's all coming to a head, doesn't it?

Posted by: Soothsayer at November 17, 2011 09:18 AM (sqkOB)

7 It does seem like it's all coming to a head, doesn't it? Posted by: Soothsayer at November 17, 2011 01:18 PM (sqkOB) That's what that North Carolina study says?

Posted by: nevergiveup at November 17, 2011 09:19 AM (i6RpT)

8 This (plus the secured creditors of GM getting the shaft while the union pension fund was made whole), even more than the bailout itself, is why I will never again purchase a GM vehicle.

Posted by: Vashta Nerada at November 17, 2011 09:19 AM (0N5pL)

9 It's a shame that the multitude of overt graft and misconduct is so overwhelming as to desensitize. Hasn't physically knocked on my door yet. Going back to sleep now...

Posted by: Justamom at November 17, 2011 09:20 AM (Sptt8)

10
Who else hears O Fortuna in their heads 24/7 since Obama was immaculated?

Alex, I know you do. Who else?

Posted by: Soothsayer at November 17, 2011 09:20 AM (sqkOB)

11 Events all coming to a head? Whatever could you mean?

Posted by: Mayan Zombiepocalypse at November 17, 2011 09:21 AM (nKOdq)

12 At #3: That's what they want. Keep turning up the pressure 'til the lid blows off.

Breathe. Keep fingers off the triggers.

Posted by: josh at November 17, 2011 09:21 AM (ligUZ)

13 Who else hears O Fortuna in their heads 24/7 since Obama was immaculated?

Alex, I know you do. Who else?

Posted by: Soothsayer at November 17, 2011 01:20 PM (sqkOB)

I'm hearing "Oh, Death" right now. I am expecting to hear Orff when the GOP candidate is declared the winner next November.

Posted by: Vashta Nerada at November 17, 2011 09:23 AM (0N5pL)

14 George Orwell told us all about this sixty years ago. Some animals are more equal than others.

Posted by: WalrusRex at November 17, 2011 09:23 AM (Hx5uv)

15 This is the stuff that's going to lead to war in this country. If it's heading in that direction, then the best preparation is to do whatever you can to make sure the violence is lefty-on-lefty. GM retirees vs. Delphi retirees is much better than the entire UAW against me and mine any day of the week. The communists could keep the democrat coalition under control so long as they could keep buying-off their envy with our money. Once that well runs dry, these groups will be at each others' throats. Let them destroy each other.

Posted by: FRONT TOWARD LEFT at November 17, 2011 09:23 AM (p7SSh)

16 Sorry, my Outrage Meter is already pegged.

Posted by: Arms Merchant at November 17, 2011 09:23 AM (vA8Rg)

17 Rinse and repeat from the last thread. This is pure corruption modeled after Atlas Shrugged. Yet we do not have an opposition Party who will do anything.

Yeah this comittee will demand answers. BFD, Issa has been demanding answers for two years now and not only are all the criminals not in jail but they are still in office.

Posted by: Vic at November 17, 2011 09:24 AM (YdQQY)

18 This was known news here around Detroit. I can't believe it didn't make national news.

Oh wait. nevermind.

Posted by: Car in at November 17, 2011 09:24 AM (Qx7bj)

19
O Fortuna live!

watch it in 720p

the buildup is intense

Posted by: Soothsayer at November 17, 2011 09:25 AM (sqkOB)

20 OT: The Houston Astros sale was just approved, withe the sale price being cut from $680M to $615M; MLB will apparently make up the difference.

As part of the deal, the Astros will be moving to the American League West Division in 2013.

Posted by: Rick Rombachcaingrichsman at November 17, 2011 09:25 AM (8/DeP)

21 It's the Chicago Way, baby.

Posted by: Rahm at November 17, 2011 09:26 AM (vA8Rg)

22 Just tired to post, but was rejected because it looks like spam?? Anyone else ever run into this problem or is someone trying to tell me something?

Posted by: Dave at November 17, 2011 09:26 AM (Xm1aB)

23 @22 nevermind

Posted by: Dave at November 17, 2011 09:27 AM (Xm1aB)

24 Read up on the concept of anarcho-syndicalism. Obama's owner, George Soros, probably is one, and the leaders of the big unions definitely are. It's where we're going if this keeps up and it's not good.

Posted by: joncelli at November 17, 2011 09:27 AM (RD7QR)

25 Just tired to post, but was rejected because it looks like spam??

Anyone else ever run into this problem or is someone trying to tell me something?

I've gotten that a time or too for no reason that I can figure.

Posted by: WalrusRex at November 17, 2011 09:28 AM (Hx5uv)

Suckers of cock.

Suckers of maggot-infested zombie cock.

Posted by: ConservativeMenAreJustHotter at November 17, 2011 09:28 AM (oTusI)

27 And the GOP will still blow the election. Bye bye GOP, you've hung around long enough and ossified.

Posted by: The Republican field at November 17, 2011 09:30 AM (dZ756)

28 I'm amazed that the former GM stockholders aren't making more fuss. After all, they were double-boned: they lost money then, and will lose more as we try to pay of the hit from the stuttering clusterfuck of a miserable failure's gift to his union thug/buddyroos.

Posted by: MrScribbler at November 17, 2011 09:30 AM (HkOAc)

29 Posted by: WalrusRex at November 17, 2011 01:28 PM

Funny, it never seems to happen to you-know-who....

_{Name redacted so as not to draw an anguished "OMG!" from phoenixgirl.}

Posted by: MrScribbler at November 17, 2011 09:32 AM (HkOAc)

30 OT: Amphibian Power!

The latest Rasmussen Reports national telephone survey of Likely Iowa Republican caucus-goers shows Gingrich with 32% followed by former Massachusetts Governor Mitt Romney at 19%. Georgia businessman Herman Cain, who led in Iowa last month, drops to third with 13% of the vote. Texas Congressman Ron Paul draws 10% of the vote in Iowa, while Texas Governor Rick Perry and Minnesota Congresswoman Michele Bachmann each grab six percent (6%).

From Hot Air. Newt is 13 points ahead and both Perry and Bachman are behind Weird Uncle Ron.

Posted by: WalrusRex at November 17, 2011 09:32 AM (Hx5uv)

31 Who else hears O Fortuna in their heads 24/7 since Obama was immaculated?

Alex, I know you do. Who else?

Posted by: Soothsayer at November 17, 2011 01:20 PM (sqkOB)

Actually, it's been more this for the last year or so.

Posted by: alexthechick at November 17, 2011 09:33 AM (Gk3SS)

32 My neighbor for the last 10 years who owns the local Chevy dealership completely understands why I am now driving a Ford.

Posted by: Dave at November 17, 2011 09:34 AM (Xm1aB)

33 From Hot Air. Newt is 13 points ahead and both Perry and Bachman are behind Weird Uncle Ron.
Posted by: WalrusRex at November 17, 2011 01:32 PM

Grain of salt, etc.

Tepid Air's little elves (and the big, pasty-faced bald elf) are salivating at having this be a The Newt-versus-Mutt Romney race.

Posted by: MrScribbler at November 17, 2011 09:34 AM (HkOAc)

34 My neighbor for the last 10 years who owns the local Chevy dealership

Obama let him keep it?

Posted by: alexthechick at November 17, 2011 09:35 AM (Gk3SS)

35 Some may relish the notion of Newt beating Romney, but if those are my choices, I am going with Romney.

Posted by: Dave at November 17, 2011 09:35 AM (Xm1aB)

36 20 OT: The Houston Astros sale was just approved, withe the sale price being cut from $680M to $615M; MLB will apparently make up the difference.

As part of the deal, the Astros will be moving to the American League West Division in 2013.

Moving the 'Stros to the AL West is horseshit.

They should have either moved the Diamondbacks to the AL West and the 'Stros to the NL West or moved the Brewers back to the AL Central and kicked another team, such as the Twins, over to the AL West.

Posted by: Brandon In Baton Rouge at November 17, 2011 09:36 AM (VZ10+)

37 Bye bye GOP, you've hung around long enough and ossified. They'll get funding, too, just like the Washington Generals get paid. You need two parties for a two-party system; it's better if you control both of them.

Posted by: t-bird at November 17, 2011 09:36 AM (FcR7P)

38 @34 Yeah, he was sweating it a few years ago, but because of his rather unique geographical location he was spared. He's a nice guy, fun to drink beer with, and he knows he's lost a lot of business over Obama's takeover of GM. But he moves an awful lot of used cars.

Posted by: Dave at November 17, 2011 09:37 AM (Xm1aB)

39 http://is.gd/UUQ3Kk
O/T:
The above link is to the Legal Insurrection blog. Prof. Jacobson is getting Romneybots accusing the prof of being bought by Newt!! What brought all this up, however, is an article saying how every GOP candidate is being vetted by the press-except Romney-and. as a result, Romney will be vetted during the campaign, where it will enable Obama to destroy him. The comments are interesting, too.

Posted by: chillin the most for Perry at November 17, 2011 09:38 AM (6IV8T)

40 Motherf*ckers. May there be karma for these pukes. Big Time.

Posted by: observer at November 17, 2011 09:40 AM (aBJ8d)

41 Tepid Air's little elves (and the big, pasty-faced bald elf) are salivating at having this be a The Newt-versus-Mutt Romney race.

There won't be enough hot oil for the HA sycophants to rub onto Morissey's bald head.

Posted by: mpfs, I Heart Perry at November 17, 2011 09:41 AM (iYbLN)

42 This article is either really poorly written or they don't have the balls to point out that union members get a better retirement deal.

Posted by: Jack Burton at November 17, 2011 09:41 AM (6B32N)

43 Is it too much to ask of the next Republican president to...union-bust until it hurts!?

Posted by: Dave at November 17, 2011 09:41 AM (Xm1aB)

44 How is this not a brazen daylight robbery?

Maybe it happened at night?

Posted by: Drumwaster at November 17, 2011 09:41 AM (Qv8r9)

45 How was GM in a position to enhance anything?

Posted by: Jean at November 17, 2011 09:43 AM (Pvjul)

46 So, are the union folk in PA upset in the least that Obama has fucked them over in favor of the radical treehuggers?

Posted by: Dave at November 17, 2011 09:43 AM (Xm1aB)

47 Any chance of a wagner act repeal

Posted by: Jean at November 17, 2011 09:44 AM (Pvjul)

48 Every one of the posts today has carried the same lawlessness theme. Until someone actually goes to jail these smokers of pole will continue to flaunt the law and civilized behavior.

Posted by: Mr. Dave at November 17, 2011 09:45 AM (OBDWE)

49 Our government is now a criminal enterprise. It simply isn't hyperbole anymore. The Chicago Way on steroids.

Posted by: AnonymousDrivel at November 17, 2011 09:45 AM (eHIJJ)

50 I've been forced to arrive at several highly unpleasant conclusions: 1. We will not survive economically unless we break the unions, especially the public unions, and find a way to drastically cut the economic influence of government. 2. We will not survive politically unless we find ways to punish our political class harshly and definitively when they break our trust. 3. Mitt Romney will be the GOP nominee. 4. If he wins -- dicey at best -- he will do neither 1 nor 2. 5. If he loses, Bambi will go in the opposite direction of 1 and 2 at an accelerated pace.

Posted by: joncelli at November 17, 2011 09:47 AM (RD7QR)

51 OT: The Houston Astros sale was just approved, withe the sale price being cut from $680M to $615M; MLB will apparently make up the difference. As part of the deal, the Astros will be moving to the American League West Division in 2013. Posted by: Rick Rombachcaingrichsman at November 17, 2011 01:25 PM (8/DeP) ================================= I hope they move to Baltimore. We need a team.

Posted by: Truck Monkey at November 17, 2011 09:48 AM (jucos)

52 How was GM in a position to enhance anything?

It's all thanks to your children, and your children's children. And your children's children's children.

Posted by: GM, Mark of Excrement at November 17, 2011 09:49 AM (QKKT0)

53 I hope they move to Baltimore. We need a team. Posted by: Truck Monkey at November 17, 2011 01:48 PM (jucos) Maybe the O's organization will rent Camden Yards out to them. It's not like the O's are using it.

Posted by: joncelli at November 17, 2011 09:49 AM (RD7QR)

54 How was GM in a position to enhance anything?

Posted by: Jean at November 17, 2011 01:43 PM (Pvjul)

They had our tax dollars to work with.

Posted by: Vashta Nerada at November 17, 2011 09:49 AM (0N5pL)

55 Dunno if this was mentioned yet, but here's more corruption news:

80% of 'Green Energy Loans' Went to Top Obama Donors

Posted by: Kratos (Ghost of Sparta) at November 17, 2011 09:50 AM (9hSKh)

56 Jonathan Alter: This administration is scandal free. And the Titanic is unsinkable

Posted by: TheQuietMan at November 17, 2011 09:51 AM (1Jaio)

57 This is why I buy foreign. At least their workers aren't squeezing my nuts 24/7.

Posted by: Empire of Jeff at November 17, 2011 09:51 AM (XE2Oo)

58 Our government is now a criminal enterprise. Succinct. A good caption for a picture of Obama's shit-eating grin.

Posted by: t-bird at November 17, 2011 09:51 AM (FcR7P)

59 51 OT: The Houston Astros sale was just approved, withe the sale price being cut from $680M to $615M; MLB will apparently make up the difference.

As part of the deal, the Astros will be moving to the American League West Division in 2013.
Posted by: Rick Rombachcaingrichsman at November 17, 2011 01:25 PM (8/DeP)

=================================
I hope they move to Baltimore. We need a team.

I think the problem is that you need an owner and a front office staff.

If the freaking Rays can become a power in the AL East, then the Orioles should be capable of it with an owner who isn't a drooling retard.

Posted by: Brandon In Baton Rouge at November 17, 2011 09:55 AM (VZ10+)

60 This is what Democrat Party polotics is about. It has been since FDR.

Posted by: Texan Economist at November 17, 2011 10:09 AM (Unuwj)

61 "Who else hears O Fortuna in their heads 24/7 since Obama was immaculated?"

Me. It's alternating with the Dies Irae from the Mozart Requiem. (Though that's because I rewatched X-Men 2 recently.)

Posted by: Brown Line at November 17, 2011 10:12 AM (VrNoa)

62 Our government is now a criminal enterprise.

Obamafia

Posted by: Niedermeyer's Dead Horse at November 17, 2011 10:32 AM (piMMO)

63 Suckers of Cock.

Posted by: toby928© Perrykrishna with tattooed knuckles at November 17, 2011 10:35 AM (GTbGH)

64 May there be karma for these pukes. Big Time.

I have to admit that most days, I feel like this is the only hope we have to bring these corrupt criminals to justice. I, too, feel like we're at the point of corruption explosion. Every single day, we learn how very bad it is, how deep it goes, how screwed over we are. The media's silence makes me sick to my stomach.

Posted by: Lady in Black: still voting for Perry (He has the best hair.) at November 17, 2011 10:35 AM (ycuSb)

65 50 I've been forced to arrive at several highly unpleasant conclusions: 1. We will not survive economically unless we break the unions, especially the public unions, and find a way to drastically cut the economic influence of government. 2. We will not survive politically unless we find ways to punish our political class harshly and definitively when they break our trust. 3. Mitt Romney will be the GOP nominee. 4. If he wins -- dicey at best -- he will do neither 1 nor 2. 5. If he loses, Bambi will go in the opposite direction of 1 and 2 at an accelerated pace. Posted by: joncelli You have summed it up perfectly. I wish you were wrong, but I think this is exactly what is happening.

Posted by: moki at November 17, 2011 10:39 AM (dZmFh)

Back to the GM bankruptcy again. Think the bondholders and taxpayers were the only ones that got boned?

Here's the funny part. Yeah, the bondholders got hosed, but who were the bondholders? Liberals think "hedge funds," which is the "B" answer. The "A" answer is that the hedge funds had bought the bonds on behalf of their clients - they weren't investing their own money - and the hedge fund client who got hammered the worst by the favoritism shown to the autoworkers' union was ... the Michigan State Teachers' union pension fund.

You have to laugh.

Posted by: Jay Guevara at November 17, 2011 10:40 AM (+F1KP)

67 @3 and 6 - it does feel like 1858, doesn't it?

Posted by: Jay Guevara at November 17, 2011 10:42 AM (+F1KP)

68 @50: "If he loses, Bambi will go in the opposite direction of 1 and 2 at an accelerated pace." Ok. So it's quite clear what needs to be done: 1. Support Mitt, despite his failings, and get him elected. 2. During his term, punish those other incumbents by voting them out of office and replacing them with more effective and competent representatives. 3. Run someone else who is slightly more fiscally conservative, and somewhat more likely to enact long-term structural reforms. 4. Return to step 2, and repeat for the next few decades.

Posted by: Galos Gann at November 17, 2011 11:23 AM (T3KlW)

69 I wonder what Paul "Enron" Krugman thinks about this. HAHAHAHAHA I lie, we know what he thinks.

Posted by: Merovign, Dark Lord of the Sith at November 17, 2011 11:37 AM (bxiXv)

70 Because show me your papers and be quick about it, kulak.

Posted by: Ken at November 17, 2011 12:20 PM (fnGOp)

71 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at November 17, 2011 12:29 PM (7WJOC)

72 I donÂ’t usually add my comments, but I will in this case. Nice work. I look forward to reading more.

Posted by: Vultures’ Picnic ePub at November 17, 2011 04:15 PM (AlLsi)

73 Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how could we communicate?

Posted by: Saving June iBooks at November 17, 2011 04:40 PM (UzfXG)

74
That is useful information and its quite easy to come a croper if you are not vigilant.

Posted by: Star Wars: The Old Republic: Revan AudioBook at November 17, 2011 04:59 PM (BVrHC)

75 Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! ItÂ’s always nice when you can not only be informed, but also entertained!

Posted by: Who’s in Charge ePub at November 17, 2011 05:56 PM (gqAct)

76 Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! download hulu ! hulu to ipad flv to dvd converter dvd creator
amv converter for mac

Posted by: nanonu at November 17, 2011 10:00 PM (bVQN/)

Hide Comments | Add Comment | Refresh | Top

Comments are disabled. Post is locked.

103kb generated in CPU 0.1214, elapsed 0.3005 seconds.
64 queries taking 0.2684 seconds, 204 records returned.
Powered by Minx 1.1.6c-pink.