Tuesday, June 12, 2012

Cronyism Screws the Middle Class

Check out Beers with Demo today. In another heart breaking injustice, retirees of Delphi Automotive were screwed out of their rights to their retirements due to pressure brought to bear by the Obama administration. They are suing, but it took three years to get subpoenaed documents out of the administration. Most transparent administration evah!

The auto bailout was one of the most shameful episodes in American business jurisprudence. The innocent, such as Delphi salaried retirees and Indiana schoolteachers, got the shaft. The guilty, the unions whose bargaining unsustainable retiree benefits and health care made their industry uncompetitive, got rewarded. Additionally, bankruptcy law was thwarted and violated, bond holders were not given front of the line rights as the law called for, but the unions got that place instead. Just another reason that Obama must be defeated. His consistent stand to undermine the rule of law is paving the way for dictatorship in America. Even if he is not personally guilty of wanting to be dictator, his actions are setting the stage.

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