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Without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm s top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. my pension went from 2,550 dollars a month to the government paying $335 a month. the folks at the international union wanted help. if gm restored the union s delphi pensions the uaw would go along with the bailout. gm agreed. when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. 20,000 salary delphi retirees got no pension bailout. many suspect they know why. ....
Of this company. steven ratter in says political fixes are wrong. he headed the auto task force to oversee the g.m. and chrysler bail-out and he tells fox news we had lots of conversation whether to require g.m. top off all the pensions. it was not easy to decide where to draw the line. ratner says the uaw had to be in factories if the g.m. bail-out would work and they drew the line at topping off the delphi uaw pension. bret? bret: steve, thank you. latinos are the second fastest growing race group. they will be even bigger and a bigger factor in every election to come. here is chief national correspondent jim angle. vice president biden told a radio interviewer from univision that only he and the president recognize the importance of latino voters. we have a lot of people who don t pay attention the lay te ....
bret: g.m. reported third quarter net income of $1.5 billion. on the news, the stock price rose 10%. to $25.50 a share. that is less than half of what is needed for taxpayers to be repaid. in the battleground state of ohio, the terms of that bail-out deal are still not sitting well with the number of delphi workers. correspondent steve brown has more. i bet on american workers and manufacturing. that is how president obama describes the u.s. auto bail-out on the campaign trail. in 2009, teetering g.m. got billions, but the deal would not work without labor peace. and the united auto workers wanted delphi members taken care of. delphi was and is g.m. s top part supplier. at the same time of the bail-out, delphi itself was wading through bankruptcy. ....
It canceled ils employee pension, handing off remain to the federal government. nightmare for delphi retirees. my pension went from $2,550 a month geis guaranteed to gettg $385 a month. dellny members were folks that the international union wanted help. if they fully restored the pension, the uaw would go along with the bail-out. g.m. agreed. when you first hear the union pensions are topped off, you would think yes, even would be treated fairly and equally. that was not the case. tom rosen, 20,000 salary delphi retirees got no pension bail-out. many sus sent they know why suspect they know why. union had political connections and we did not. that s it? that is it. rose charges it was a simple political calculation. democratic president and his administration, taking care of a democratic ally organized labor. i do believe in the value ....