Posted on 10/12/2009 9:18:53 AM PDT by Shellybenoit
Remember the Chrysler "hedge fund investors" that President Obama berated on national TV? Among these people labeled as "no-goodniks" by the President were organizations such as the the Indiana State Teachers’ Retirement Fund, and the Police retirement fund. The President of the United States was trying to intimidate retired teaches from exercising their rights as primary investors. That's the politics of change, screw a bunch of retired teachers to reward the UAW for helping you get elected.
Apparently it was not only retired cops, teachers and other primary investors screwed by the GM/Chrysler Bailout deals (along with the American taxpayer), The UAW screwed its own retirees. In their deal with the US Government-owned GM and Chrysler, all the sacrifices the unions made were on behalf of their retirees, the rank and file made no concessions on their wages or benefits:
(Excerpt) Read more at yidwithlid.blogspot.com ...
“eliminated the jobs bank program, which allows laid-off workers to continue receiving most of their pay”
Here it is. Feather bedding in black and white. Just another reason why unions are bad for the country.
The one over-riding policy of this regime is “kill the old people”. That theme has been apparent throughout the healthcare debate; the despicable AARP posturing; the elimination of SS COLA and increased taxes on the elderly.
Keep it up, Congress. The last sound you will hear is the door closing on you.
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