Thursday, July 7, 2011

An Obama administration official who was the principal architect behind the federal government's bailout of General Motors Corp. in 2008 may have lied to Congress, lawmakers charged

Congress asks Obama official to clarify testimony on unions - LA Times
(Re: Ron Bloom, former senior advisor to the Treasury secretary and now assistant to the president for Manufacturing Policy): Reps. Darrell Issa (R-Calif.), Jim Jordan (R-Ohio) and Burton wrote a letter to Bloom stating: "It appears that either a respected reporter and your former boss in the Obama Administration have both given inaccurate accounts of your comments to the public, or your testimony was not completely truthful."
Obama administration favored union worker pensions in GM bailout, House Republicans say - LA Times
The administration gave union employees of auto parts supplier Delphi Corp. preferential treatment over nonunion, salaried employees when the U.S. took over Delphi's pension plan, GOP representatives say....

Republicans proceeded to criticize Bloom for his role in what they called "politically motivated" actions. Rep. Connie Mack (R-Fla.) attacked Bloom's credentials, going as far as to say that Bloom, a longtime champion of unions, didn't believe in the free market.

Even union representatives have sided with the nonunion employees. Ron Gettelfinger, former president of UAW, has said that the government's actions constituted a "grave injustice."