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GM’s Bailout Bias
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FBN’s Stuart Varney sounds off on the automaker’s bailout.
- Duration 1:22
- Date Jun 12, 2012
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FBN’s Stuart Varney sounds off on the automaker’s bailout.
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Was everybody treated fairly in the GM bankruptcy and bailouts not many people would say yes to that question now what day.
One group in particular at this who've been beaten up and tossed aside most on the family.
Here's my take on the retirees at Delphi the parts supply mixed up in the General Motors mess.
To put it -- like 20000 salaried employees have that pensions trashed.
For three years they've been trying to find out why and exactly who made the decision to -- them.
They spent millions of dollars on lawyers asking for a full accounting.
He supposedly transparent Obama administration has been stonewalling at every time.
-- -- different for union members billions of taxpayer dollars were used to talk while that pensions they lost nothing.
That's salaried guys got no tax spend money and -- lost more than half of what they plan to live long.
I don't know the legality of all of this those lawyers will tie you up in -- one -- but I do you know political favoritism when I see it.
President Obama -- -- -- the white house with massive union backing.
When GM went on dot management gulp the blame the unions got a big chunk of the bailout money.
In human -- as Delphi retirees are -- that these hardworking people that GM debacle was definitely.
Not fat.
But.