Fox News Cries Crocodile Tears for Auto Worker Pensions
This story is one of the most read on Fox News right now:
It was the nightmare scenario for Delphi retirees. The monthly payments that were to be their financial bedrock through retirement years were slashed. The cuts were staggering, ranged from 30 to 70 percent.
After 39 years on the job, Rose’s pension was clipped 40 percent.
You might be thinking: What? Since when does Fox News care about people’s pensions? Pensions are too damn expensive and the evil unions need to stop holding the job creators hostage. Well, I guess Fox news cares when they are non-Union workers.
The upshot of the article is that Union pensions were given a priority in the deal between GM and the gov’t. Fox News implies it is unfair that Union workers got a deal that was not available to non-Union workers.
Well guess what, Fox News? Businesses don’t make decisions based on the best interests of their workers. That’s why Unions are essential.