Jeep is moving jobs overseas; Obama cut 20K non-union pensions during his auto bailout, but it’s HIS feelings that are hurt?
Another one of Obama’s signature ‘achievements’. Clinton is running around the country telling everyone how Obama’s feelings are hurt Mitt is attacking the auto bailout ‘success’. Maybe just one time during this mans Presidency he can think of someone other than himself.
Unions were saved, creditors with legal rights and retired salaried employees were screwed (emphasis mine)
Newly uncovered internal documents between the Treasury Department and the federal agency in charge of private-sector pension benefits reveal that the Obama Administration was directly involved in the elimination of pension benefits for 20,000 retired salaried workers of GM supplier Delphi Corp., a claim it previously denied.
The revelation, says GOP Vice Presidential nominee Paul Ryan, should make Ohioans and others think twice about buying President Obama’s claim that he saved the American auto industry.
“You see, the president likes to go around Ohio talking about how he saved the auto industry, how the auto bailout was such a success,” said Ryan to an Ohio audience. “He hasn’t talked to these Ohio Delphi salaried employees. Because this is one of those examples of the government picking winners and losers.”
Jeep Moving Jobs Overseas:
Coming hot on the heels of speculation that some Jeep production may be moved to China comes a bombshell from a Bloomberg report. Fiat is now considering moving Chrysler and Jeep production to Italy.
According to the piece, “To counter the severe slump in European sales, (Fiat CEO Sergio) Marchionne is considering building Chrysler models in Italy, including Jeeps, for export to North America. The Italian government is evaluating tax rebates on export goods to help Fiat. Marchionne may announce details of his plan as soon as Oct. 30, the people said.”
So, let’s be real clear here, we are talking about vehicles that will be built in Italy and exported to America. The evidence is clear that Fiat is looking at ways to move production of vehicles from the US to elsewhere, whether it be China or Italy, costing American jobs. This is becoming indisputable, despite outcries from certain parties to the contrary.