The Secrets of Delphi

Taskforce to investigate pension cuts in auto bailout
Tim Ryan, Michael Turner / AP

A pair of Ohio lawmakers have launched a taskforce to investigate the Pension Benefit Guaranty Corporation’s (PBGC) decision to slash a non-union pension fund as part of the auto bailout.

The Delphi Legacy

Paul Ryan hammers Obama on shady auto bailout pension deal at Ohio rally
AP

Republican vice presidential nominee Paul Ryan slammed President Barack Obama for the Auto Task Force’s treatment of nonunion workers who saw their pensions slashed by 70 percent, while their union coworkers lost no funds thanks to a $1 billion “top-off” by GM, during a rally in Sabina, Ohio, on Saturday.

The Delphi Oracle

House GOP pressures Obama administration for info on shady pension deal
gm-logo

Republicans are stepping up the pressure on the Obama administration to explain why a federal pension insurer slashed the pensions of non-union employees as part of the General Motors (GM) bailout, while union benefits were preserved.

The Delphi Debacle

Union members were made whole at the expense of non-union employees in auto bankruptcy
GM headquarters in Detroit / Flickr

When Delphi went broke, UAW workers retained pensions while non-union ‘management’ did not.