Saturday, September 18, 2010

This is why the MSM is so pathetic

The Washington Post wonders whether politics could have had something to do with why GM salaried employees had their pensions largely wiped out while the GM UAW pensions were protected in full via the government bailout.

IT IS ONE of the enduring puzzles surrounding the bailout of General Motors: Why did retired salaried personnel of a former GM division, Delphi, receive a fraction of their promised pension benefits, while Delphi's retired hourly personnel, members of the United Auto Workers, got 100 percent, paid for in part by the "new" taxpayer-supported GM? For months, this has been a simmering cause celebre on the right, with critics accusing the Obama administration of paying off its union backers -- and echoing white-collar retirees' demand for the same deal the UAW got. Now, at the insistence of Republicans in Congress, Neil M. Barofsky, the special inspector general for taxpayer bailout funds, has pledged to investigate "whether political considerations played a role in favoring hourly over salaried retirees."

Wonders.  Pretends not to know.  Looks for someone to aggressively investigate this odd conundrum.  Over a year after it happened.  Hmm, this is a puzzler.  Tricky.  Don't jump to conclusions.

This faux independence, this precious naivete in the service of politicians and causes that they support.  It's so pathetic.  It's why the big papers are losing close to ten percent of their circulation every single year.

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