US Treasury Trove?

US Treasury Trove?

[media-credit id=7 align="alignleft" width="300"][/media-credit]President Barack Obama’s former auto industry adviser and two former Treasury Department officials cracked at the last minute before a House oversight committee subcommittee hearing and agreed to stop stonewalling an investigation into alleged union favoritism during the administration’s General Motors bailout, the Daily Caller reports. Observers expect the documents to be a treasure trove of information on how the administration used the bailout to reward their big labor buddies at the expense of taxpayers and workers. The Caller continues: Ron Bloom, Obama’s former auto czar, and former Treasury officials Matt Feldman and Harry Wilson have refused to give interviews to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) about their roles in topping up pensions for union workers while non-union workers lost nearly their entire pensions. The Treasury Department’s actions during the auto bailout caused 20,000 non-union workers from Delphi to lose most of their pensions. Delphi, a GM company, is one of the largest automotive parts manufacturers in the world. Its workers lost their pensions when the government bailed out GM. While those non-union Delphi workers lost nearly their entire pensions, United Auto Workers union members’ pensions were topped off and made whole. While Feldman, Bloom and Wilson have maintained they think no preferential treatment was given to the unions during the bailout, emails The Daily Caller obtained in June 2011 show senior officials corresponding with senior GM officials on how to make certain decisions regarding who was going to win and who was going to lose.

UAW has a formula to help their members -- spend more on politics

UAW has a formula to help their members -- spend more on politics

The UAW has a formula to help their members -- spend more on politics.  The current strategy will soon, according to the blog Truth About Cars, lead to another bailout -- this time solely for the union: It’s said that people do resemble their dogs. The UAW surely looks more and more like the GM of old. For years, the UAW has spent more than it took, forcing it to live off its savings. Once again, the UAW wants to change this – two years from now. Until then, it will happily go on making losses. Said Bob King to Reuters: “We are spending a lot of money, and we’re investing money in organizing. And we’re investing money in rebuilding the ability of the UAW to win good contracts and win good legislation for our membership.” King told Reuters that in two years, the UAW wants to be cash-flow positive by adding members and managing costs.

Sen. Jim DeMint -- Pro-Freedom

Sen. Jim DeMint -- Pro-Freedom

The Senate's premiere champion of worker's rights, Sen. Jim DeMint, outlines his support for a balanced approach to labor law.  From Greenvilleonline.com: When people ask me if I’m pro-business or pro-labor, I say I’m neither: I’m pro-freedom. Freedom is the only political principle that cannot be bent to serve special interests. Remember how 7-Up used to call itself the un-cola? Well, freedom is the un-special interest. Freedom, protected by the Constitution and the rule of law, works for everyone. It allows everyone — left or right, young or old, rich or poor — to make their own choices according to their own values. Government’s job shouldn’t be to tilt the field for one team or another, but to guarantee a level playing for everyone. That’s why I’m against forcing workers to join unions, congressional earmarks for favored groups, government bailouts of Wall Street, and energy subsidies — both for oil companies and for green energy. Freedom isn’t perfect, but it is fair. And any time government hands out favors, they’ll be unfair to someone. When Washington picks winners and losers, in the end taxpayers always lose, and Ex-Im is no exception.