Romney & Company Shipped Every Single Delphi UAW Job to China

OK. Now I'm pissed!

I've said many times that Romney is the most dishonest politician of my lifetime. Not corrupt, dishonest.

Just last week he said during the debate, "I would do nothing to hurt the US auto industry."  This is yet ANOTHER BLEEPING LIE!

Here's the facts as reported in this week's The Nation magazine cover story "Mitt Romney's Bail-out Bonanza," the Romneys are in a special partnership with the vulture fund that bought Delphi, the former GM auto parts division.

http://www.youtube.com/watch?feature=player_embedded&v=RwG_sBQU7OQ

The Romney vulture fund investment syndicate shipped every single UAW production job - every job - to China.

The truth? On June 1, 2009, the Obama administration announced that Detroit Piston's owner Tom Gores, GM and the US Treasury would buy back Delphi. The plan called for saving 15 of 29 Delphi factories in the US.

Then Romney's vulture funds pounced.

The Nation discovered that, in the two weeks immediately following the announcement of the Delphi jobs-saving plan, Paul Singer, Romney's partner, secretly bought up over a billion dollars of old Delphi bonds for pennies on the dollar.

Singer and partners now controlled the company - and killed the return of Delphi to GM.

These facts were revealed in a sworn deposition of Delphi's Chief Financial Officer John Sheehan, confidential, but now released on the Web.

Sheehan said, under oath, that these speculators threatened to withhold key parts (steering columns), from GM. This would have brought the auto maker to its knees, immediately forcing GM's permanent closure.

The extortion worked. The government money that was supposed to go to save jobs went to Singer's hedge fund, Elliott Management Corporation and its partners, including the Romneys. Once Singer's crew took control of Delphi, they rapidly completed the move to China, sticking the US taxpayers with the bill for the pensions of the Delphi workers cut loose.

In all, three hedge funds run by Romney's million-dollar donors have pocketed $4.2 billion, a return on their "investment" of over 3,000 percent - all care of the US taxpayer. The Romneys personally earned a minimum of $15.3 million, though more likely $115 million - a range their campaign does not dispute.

Frankly, I DON'T SUPPORT the way Obama allowed speculators to crank the US taxpayers for $12.9 billion in subsidies - losing almost all the auto parts jobs in the process.

But when I heard Romney, tell the nation, "I would do nothing to hurt the US auto industry," it really pissed me off. This guy cannot be trusted! Everything that comes out of his mouth is a carefully conceived fabrication designed to fool the low-information voter.

Hello, anybody home?