Page 877 - Pensions News Today

Their pensions and you still make money. >> while romney pushes his bain in iowa, one state overlies a darker role that private equity and play in communities. jesse jackson among several people arrested in the latest wave of protests centered around a manufacturing company purchased by bain capital six years ago and in the process of shutting down and moving operations overseas to china resulting in the loss of 170 jobs. r r romney has since left bain hes profit. romney himself lass done well a...

Chrysler and gm? >> i think it probably depends on who you ask. >> im asking you as a candidate for the u.s. senate. >> sure. i am angry and feel terrible that politicians like sherrod brown and others supported a process that stripped hard-working retirees in the youngstown area of their pensions. >> that doesnt answer the question. lets get back to the question. >> i personally would have had a very real problem with stripping these delphi -- >> no. >> please, sir, dont put words in my mouth. ...

With it. today he came out in support of mourdock calling him a class act. turns out mandel is an old hand at failing to just answer the question. check out his rising frustration last month as a local newspaper board asked whether mandel would have supported the auto bailout. >> was the federal government right in stepping in to bail out chrysler and gm? >> i think it probably depends on who you ask. >> im asking you as a candidate for the u.s. senate. >> sure. i am angry and feel terrible that...

Indicated that the president was involved in this. >> this policy that the president undertook was one that was designed to say that the -- the larger -- the larger universe of people rely on the auto industry? congress is planning to get to the bottom of this. right now, to bail out of the auto industry is the number one talking point for the obama campaign in both ohio and michigan. so the timing here is critical. megyn: joining me now for a fair and balanced debate is chris plante and julie r...

Megyn: thank you very much, chris. some 20,000 workers in ohio and anyone on the administration helped negotiate this arrangement. did they step in to save the pensions of the union workers but not the other folks? congress is now asking questions, and the presidents team is on the defensive. we will have a fair and balanced debate coming up next. and former first lady laura bush sitting down with yours truly for an interview. her advice for the presidential candidates and what life is like for ...

But not if no one talks about it. im glad we are talking about it here. >> i am so glad we are talking about this. delphi was bought by a hedge fund. which means that $15 million back in 2009, we really dont know, but about $50 million in this trust fund that mitt romney invested in, what delphi did was essentially say that we are not paying these obligations. we are moving every single unit dropped out of ohio and moving into china overseas. as a result, theyre about 100,000 people working for ...

David axelrod is sort of admitting that they did do something, but he says with some greater good in terms of the reasons. how does this play in ohio, 20,000 nonunion workers lost their pensions have been gutted. >> well, first of all, people have to talk about it. so the people in ohio are aware of what was going on. the people of america should be aware of what was going on. this is corrupt politicians, were you reward your friends and punish your enemies. we know that the uaw and union leader...

The pensions of the uaw workers were saved. but the nonunion pensions were terminated. its left up to 20,000 older nonunion members in ohio with reduced or minimal pensions. trace gallagher is live in our west coast newsroom. reporter: delphi was spun off from gm 13 years ago during the whole restructuring, those 20,000 delphi workers lost almost all of their pensions. they were not members of united auto the united auto workers union, but the delphi workers who were members of the uaw kept thei...

After you details are revealed about who knew what and when. at the top of the hour, we will look into whether the military has any options for stopping the seven-hour assaults, and if so, why were they not give the order to go ahead? up next, congress threatening a subpoena in the case of a 2009 ottavio, that gutted the pensions for some 20,000 nonunion workers in ohio, all while protecting the benefits of the union. coworkers at the same place. that story is coming up after the break. >> he sa...

Panel. >> this represents a lot, much of the conversation are people wanting to know more from the president regarding the future and also, do you believe in america? weve done a segment every day on china versus ohio. not to pit people against another country, but to say the manufacturing world has changed forever here, and there are people who will work these jobs in those factories who depend on the auto industry and retire with pensions and theyre watching this and trying to decide who was o...