Texas GOP Vote

Congressman Mike Turner, Co-Chair of the Auto Industry Pension Task Force, was joined by fellow Task Force members in writing to request that the Pension Benefit Guaranty Corporation (PBGC) provide them with an update on the status of final benefit determinations for the Delphi Salaried pension plan:

Mr. Joshua Gotbaum Director
Pension
Benefit Guaranty Corporation
1200 K St., NW Washington, D.C. 20005

Dear Mr. Gotbaum:   Read more »

Yesterday marked the anniversary of President Obama convening his most trusted allies and appointees to his Presidential Task Force on the Auto Industry. The Task Force, a working group comprised of presidential cabinet secretaries and high-level senior advisors were tasked with managing and overseeing the taxpayer-funded bailout of General Motors (GM) following the automobile manufacturer’s 2009-bankruptcy filing.

The Administration, in unprecedented fashion, purchased a majority stake

During the peak of the Auto Bailout, salaried pensioners from Delphi were, as many believe, unlawfully stripped of their pensions. U.S. Bankruptcy Court Judge Robert Drain (Southern District of New York) allowed the Treasurary Department, under the leadership of Secretary Timothy Geithner, to unfairly represent various sides of the case leaving the salaried pensioners virtually unrepresented by counsel.     Read more »

During my investigation series, "A Lawless Presidency", I interviewed Ohio Congressman Mike Turner (R) about the Delphi bankruptcy case. Turner said the "entire process was a miscarriage of justice." After investigating this case further, it is clear why he said that. As you will see below, what happened to the Delphi Salaried Retirees during this bankruptcy process was unfair is unquestionable. But was it a consistent application of the law?

A staple food group icon of an overweight America now becomes an example of what is wrong in our business system and bankruptcy processes. In an announcement last Friday, November 16th, Hostess CEO Gregory Rayburn, said "We deeply regret the necessity of today's decision [to shutdown Hostess' entire business], but we do not have the financial resources to weather an extended nationwide strike."  So how exactly was the money spent after the 2004 restructuring by private equity firm Ripplewood Holdings?  Was it well directed toward rebuilding the company's business?  The decision to force Irving, Texas based Hostess and their entire brand line of products out of business will mean the end of 18,500 jobs and two billion Twinkies.  But who walked away with the dough?

BREAKING NEWS UPDATE:  According to the Houston Business Journal at 2:50 p.m. today, Hostess Brands, Inc. and the BCTGMI Union have entered into a confidential mediation stopping the planned shutdown of the company.   Read more »

My investigation into the Delphi Salaried Pension Scandal, one of the “not optimal” results of the bankruptcies of General Motors and auto parts manufacturer Delphi, turned out to be the tip of an iceberg of a system that is abusing American citizens while it serves a President bent on redistributing wealth.  After my investigation in Washington, D.C. and my visit to the Southern District of New York Bankruptcy Courts in New York City, I learned there would be a conference of our nation’s bankruptcy judges in San Diego. What I learned there was very eye opening.

The conference was the National Conference of Bankruptcy Judges.  The conference also included a hearing of the American Bankruptcy Institute’s Bankruptcy Reform Commission.

President Barack Obama has been on a mission of abusing the bankruptcy courts to move forward his political agenda of redistribution of wealth and making paybacks to unions for political support. This directly affects voters in key battleground states. The Delphi, General Motors and Chrysler bankruptcies are perfect examples of how the Obama Administration abused the process of bankruptcy courts to steal pensions, violate contract law and provide rewards to unions he needed for support in this election process

For a little over two months now, TexasGOPVote.com has been reporting about the Delphi Salaried Retirees Pensions that were stolen by the Obama Administration as a payback to the unions in order to force the GM Bankruptcy to move forward in its blazingly fast 44 day bankruptcy. It is nice to see that Fox News Channel is now catching up with us and letting Ohio voters know about this issue that directly affects retirees who live and worked in Ohio (VIDEO BELOW).  NOTE: This issue also affects retirees in many other states including Michigan, Indiana, New York, Wisconsin and even Texas!

Early voting is well underway in the key battleground state of Ohio. Voter turnout is critical in determining not only who will sit in the White House's Oval Office, but also which party will control the U.S. Senate. The road to victory in both of these could rest in one race, the Ohio Senate race between incumbent Democrat Senator Sherrod Brown and the challenger, Ohio State Treasurer,