Skip to comments.Delphi retirees say Obama administration betrayed them
Posted on 11/05/2012 2:09:16 AM PST by John W
At first glance, David Kane, 63, appears to be solidly middle class. He has a home on a lovely suburban street in Sandusky, Ohio, and a boat docked in the nearby marina.
But looks can be deceiving. Kane doesnt have television or even a functioning wristwatch. He and his wife Dianne live on their boat, a 1976 Trojan Tri-Cabin in need of repair, for part of the year to save on utility costs. He does outdoor maintenance at the marina to pay for the docking fees.
After a 35-year career at Delphi, the primary parts supplier for General Motors, Kane expected retirement to look much different. He left the company at age 54 as it was downsizing, and he was offered a buyout.
But in 2009, Kane received word that, as part of the bailout to save General Motors, the pensions that he and 20,000 fellow Delphi salaried employees were promised would be reduced 30 to 70 percent.
(Excerpt) Read more at openchannel.nbcnews.com ...
Yeah but, the ones who live in Michigan can take comfort in knowing that that shell of a pension they do get is being taxed by Gov. Rick Gran...er,uh Synder of the NOT Taxed Enough Already Party. Ricky and his sycophants at NOT Tea think that’s only FAIR.
This little gem from nbc news should sweeten your morning coffee....All are not happy in Ozzzzzzzzzzzzz.
The DSRA retirees are a politically diverse group Republicans, Democrats and Independents but regardless of political stripe, many of them believe the Obama administration betrayed them. Howard Collins, a Democrat, said he voted for Barack Obama in 2008 but isnt sure he would do so again.
Elections have consequences. Grow up.
Yes they do. Since I’d love his vote for Mitt Romney, I might phrase that differently to his face.
The only way Obama could have betrayed him is if he voted for Obama which he probably did.
They’ll all vote obama. They always do.
hey Delta retirees, how ya gonna vote tomorrow?
I'm betting that most people (thanks to the corrupt, biased MSM) still don't know what a "sweetheart deal" the Unions received and how much of our Tax $ went into this bailout as well as how much "we" lost (and is still owed) on this "deal?"
Oh...NOW nbc decides to report on this.
” My problem with this fellow is that after collaborating in bringing The Disaster down on all our heads, he wants to whine about how it inconveniences him!”
Reminds me of a story a freeper posted about his liberal obama supporting boss just after obama signed the credit card reform bill. This boss of his racked up a lot of business charges on his credit card. As a result of this, the boss was getting a lot of freebies from the credit card company in the form of free airline tickets which the boss put to good use. After obama signed the credit card bill, all those freebies came to a dead halt. The freeper asked his boss, didn’t he know that the credit card bill was going to affect credit card holders this way? The boss responded, yes, he knew. But he didn’t know it would apply to him.
NBC must know Obama is going to lose BIG.
” Was this a political favor for a powerful union that backed President Barack Obama, as critics claim?”
Obama burned all the bondholders, and everyone else BUT the unions. The wat GM is going now, in 10 years, few cars will be made in America.
That’s OK, at the prices they’ll charge they won’t need to sell many to show a profit...