What Romney doesn't tell you about his profiteering on the Auto Bailout
http://www.examiner.com/articl...
Romney. thru his so-called "blind trusts" for himself and Ann, invested with Paul Singer, a hedge fund manager...the larger article is in "The Nation" but the cliff notes are here. Singer is a ruthless m'fer, quite comfortable with taking advantage of situations, reaping huge profits, and shipping jobs to China....25 of 29 plants to be exact. Since GM & other companies had no other source for key parts at the critical time...well, blackmail is the only description.
" How did Delphi undergo such a remarkable turnaround? They took federal bailout funds, slashed worker pensions, fired union workers and sent American jobs overseas,
and got the government’s Pension Benefit Guaranty Corporation to pay
all of Delphi’s retiree pensions. The cost to the taxpayer for the
pension piece alone was $5.6 billion. This is on top of the other
taxpayer money they took. Is this not corporate welfare?
Of the twenty-nine Delphi plants operating in the United States when
the vultures began buying up control, only four remain, with not a
single union production worker. Delphi now produces the parts used by GM
and other major automakers mostly in China. Delphi is now incorporated
overseas, leaving the company with 5,000 employees in the United States
and almost 100,000 abroad."
The larger article points out that the company is now incorporated on the Island of Jersey, off France, so I assume Romney can translate for his kleptocrat friends. So Romney is involved in shipping jobs to China.....nothing new for him. Romney is again hiding money off shore. Worse, this thief, who doesn't believe in FEMA funds, took money from both the auto bailout and they looted the pension funds, causing the Pension Guarantee Fund (federal!) to take on that responsibility!
And yet Romney can continue to run this total lie of an ad, which if you think about it, is a compliment from the outsourcing Romney and his buddies:
https://www.youtube.com/watch?...
And that's why I call'em republicrites!
