On the recordJune 19, 2012
Imagine you got up every day of your adult life working for the same company, helping build the American auto industry. You worked hard, but you're proud because you're part of something bigger than just collecting a paycheck--you're part of rebuilding the economic engine that gave us the middle class. You counted on a pension, life insurance, and health insurance when you retired, because that's what you were promised. You thought you lived the American Dream--until one day that dream turned into a nightmare. That's what happened when GM spun off Delphi Corporation in 1999 and later filed for bankruptcy, and over 20,000 salaried employees were left out to dry. Family finances were ruined all across this country, including the cities of Lockport and Rochester in my district. This must be corrected. That's why I'm delighted to see the reemergence of GM as a global powerhouse. But we cannot forget these individuals. I've called on this administration for their help. I've not received an adequate response from the Department of Labor and the Department of Treasury. And I call on the President to take up the cause of these retirees because they need our help. Their promises are broken, and it's our responsibility to help them at this time. ____________________
Source
govinfo.gov




