You Hate to Say We Told You So But…Obama Bailouts

You Hate to Say We Told You So But…Obama Bailouts

Liz Peeks discovers the nasty truth of the Obama auto bailouts -- they were a "Hefty Union Payoff": [media-credit name="NRTW Committee®" align="alignright" width="300"][/media-credit] In the second presidential debate, Mr. Obama attacked early on, saying, “Governor Romney said we should let Detroit go bankrupt.” Note to Obama fans: GM did go bankrupt – filing for Chapter 11 protection against its creditors on June 1, 2009. It’s what happened next that the president can take credit for – a handout of $49.5 billion in taxpayer money to GM, some $27 billion of which remains outstanding, and another $17 billion to its financial arm Ally Financial, which still owes $14.7 billion. In other words, Obama didn’t save General Motors; American taxpayers did, with an assist from the Federal Reserve. While liberals rant about the bailouts of Wall Street, it is worthwhile noting that of the $417 billion in TARP funds spent to stabilize the economy, only $65 billion has yet to be repaid – and more than half of that is owed by GM and Chrysler. The latest TARP report from the Congressional Budget Office says that the government invested nearly $80 billion in those two auto giants and that taxpayers are still on the hook for roughly $37 billion. In the same report, the CBO projects that handouts to Wall Street firms will ultimately net the government a cool $11 billion profit. They say the auto industry, on the other hand, will never pay back taxpayers. According to the congressional bean counters, $20 billion is gone for good.

42 GOP Senators Challenge Obama's So-Called NLRB "Recess" Appointments

42 GOP Senators Challenge Obama's So-Called NLRB "Recess" Appointments

Forty-Two United States Senators have joined with the National Right to Work Legal Foundation in protesting President Obama's illegal appointment to the National Labor Relations Board: [media-credit name=" " align="alignright" width="150"][/media-credit]Forty-two Republican senators filed an amicus brief this week in the case of Noel Canning Div. of Noel Corp. v. NLRB, D.C. Cir., No. 12-1115, arguing that the Board lacks a quorum because President Obama's January 2012 recess appointments were invalid. Employer Noel Canning has petitioned the Court of Appeals to deny enforcement to a Board decision by a three-member panel. Among their arguments, the employer asserts that panel members Sharon Block and Terence F. Flynn were not confirmed by the Senate and that Congress was in session at the time of their purported recess appointments.

42 GOP Senators Challenge Obama's So-Called NLRB

42 GOP Senators Challenge Obama's So-Called NLRB "Recess" Appointments

Forty-Two United States Senators have joined with the National Right to Work Legal Foundation in protesting President Obama's illegal appointment to the National Labor Relations Board: [media-credit name=" " align="alignright" width="150"][/media-credit]Forty-two Republican senators filed an amicus brief this week in the case of Noel Canning Div. of Noel Corp. v. NLRB, D.C. Cir., No. 12-1115, arguing that the Board lacks a quorum because President Obama's January 2012 recess appointments were invalid. Employer Noel Canning has petitioned the Court of Appeals to deny enforcement to a Board decision by a three-member panel. Among their arguments, the employer asserts that panel members Sharon Block and Terence F. Flynn were not confirmed by the Senate and that Congress was in session at the time of their purported recess appointments.

Redistribution,  Big Labor style

Redistribution, Big Labor style

[media-credit name=" " align="alignright" width="300"][/media-credit]The Obama administration's Delphi debacle -- when union members were made whole at the expense of non-union workers -- continues to hound the White House.  The Free Beacon looks at the scandal: Fred Arndt and his brother Dave came to General Motors straight out of high school. They spent their entire careers building the engine cooling systems that increase the lifespan of Cadillacs and other vehicles. Dave worked in assembly; Fred, one year younger, qualified for GM University, which propelled him to work as a draftsman and engineer. They worked the line side-by-side. Dave built the parts Fred had designed. The brothers made their way to Delphi, an auto supplier spun off from GM that builds components—seats, instrument panels, steering and suspension systems—for cars. After more than 30 years with the company, the brothers retired in their native Michigan. They watched as Delphi’s growing labor costs dragged it into Chapter 11 bankruptcy in 2005. It would not emerge until 2009 when the government stepped in with $50 billion for GM. And then the Arndt brothers’ paths diverged. Fred, 64, lost his health, dental, and life insurance, along with 70 percent of his pension. Dave lost five percent of his health insurance and some dental coverage… …[Fred]  Arndt is one of the more than 20,000 non-union Delphi employees that have seen their pensions wiped out by the government-directed bankruptcy. While the pension fund covered the retirement packages of executives, the majority of employees are middle class white-collar workers: engineers, accountants, and secretaries.

Obama Funnels Taxpayer Funds to Big Labor Allies

Judicial Watch has uncovered massive evidence that the Obama Administration has rewarded its big labor allies with lucrative federal grants, including millions of dollars to help them strengthen unions in Iraq. The information comes straight from government records gathered in the course of a lengthy investigation into the administration’s tight relationship with the nation’s powerful labor movement. Since Obama moved to the White House federal funding for big labor has skyrocketed to the tune of tens of millions of dollars. A chunk of the money is being funneled to unions so they can increase labor organization around the globe, the records show. In most cases the American taxpayer dollars are going to leftist groups in the developing world. For instance, the American Center for International Labor Solidarity has received nearly $3 million to strengthen labor unions in Iraq. The group is the international arm of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the nation’s largest federation of unions representing 12 million workers. The AFL-CIO offshoot also got a chunk of change from Uncle Sam for various other causes. For example, it raked in an additional $2.5 million for “labor outreach” last year and $1.2 million from the State Department to combat human trafficking in Asia. Earlier this year the group got an additional $721,310 for more labor outreach. This brings the total amount of federal grants awarded to the Solidary Center to $71,652,403, the records show.  JW compiled a spreadsheet of all the transactions. The Solidarity Center is run by politically-connected figures in the labor movement. Former AFL-CIO President John Sweeny is chairman of the board, former AFL-CIO executive councilman William Lucy is vice chairman and current AFL-CIO President Dick Trumka is the secretary and treasurer. The center was founded in 1997, but didn’t receive federal assistance till a decade later.

NLRB  Overreach not Overlooked by House Education and Workforce Committee

NLRB Overreach not Overlooked by House Education and Workforce Committee

In their aggressive overreach to help the union bosses, the National Labor Relations Board has a devastating strong of courtroom losses that are putting them back into place.  The House Education and Workforce Committee looks at their grasp for more power: [Last] week, the Obama National Labor Relations Board (NLRB) suffered yet another defeat in federal court. On Monday, U.S. District Judge James Boasberg – appointed to the federal bench last year by President Obama – rejected the board’s recent ambush election rule. During the final days of 2011, the Obama labor board jammed through the regulatory process sweeping changes to long-standing rules governing union elections, changes that undermine employer free speech and worker free choice. As Education and the Workforce Committee Chairman John Kline noted: The Obama board’s rush to enact this rule before it loses its quorum confirms what my Republican colleagues and I have suspected all along – this board is not fighting for the best interests of our workforce, but instead is determined to advance an activist, pro-union agenda at any cost. Yet in their haste to adopt a flawed rule, board members Mark Pearce and Craig Becker neglected to follow the law. Citing Hollywood icon Woody Allen, Judge Boasberg writes: Eighty percent of life is just showing up. When it comes to satisfying a quorum requirement, though, showing up is even more important than that. Indeed, it is the only thing that matters – even when the quorum is constituted electronically. In this case, because no quorum ever existed for the pivotal vote in question, the Court must hold that the challenged rule is invalid. The decision represents a victory on behalf of workers and employers, and is hopefully not the last. As the Wall Street Journal noted, “Given the NLRB spectacle of the last three years, this probably won't be the only time the commission loses in court—or the only time that judges need to invoke Mr. Allen to describe its absurdity.”