Friday, February 25, 2011

10 Year Plans

the koch bros


The following article makes the connection of big business controlling us from cradle to the grave. Other than Union bustng and having politicians in their pocket they now want to control pension funds WORLDWIDE. This has been in the works for ten years.

H/T to The Swash Zone
UPDATE FROM OCTO: Two years ago, I posted this announcement about taking leave from the Swash Zone to collaborate on a story with Lindsay Beyerstein of Focal Point. Two years later, the project remains on hold, and the story untold. I am still constrained from revealing certain details, but I will volunteer this for now: The story is about a ten year plan to break the unions, dismantle all Defined Benefit Pensions in America, and seize pension assets.

You guessed it. The Wisconsin story and the collaboration between Lindsay and Octopus are interconnected. Here is a brief synopsis:

The story involves former Senate Majority Leader Bill Frist of Tennessee, Senator Chuck Grassley of Iowa, Senator Max Baucus of Montana, former Secretary of the Treasury John Snow, former Vice President Dick Cheney, and 103 legislators in the House of Representatives.
Over 1,100 retired airline pilots lost 40% of their pension funds when their employer, USAir, filed for bankruptcy protection. Every organization and institution offering redress failed the pilots at every step along the way.
US Air (employer) declared bankruptcy after 9/11 and alleged that all pilot pension funds had been lost. During the discovery phase following bankruptcy proceedings, USAir admitted having 78% of the funds which was turned over to the PBGC; later it was shown that US Air had 103% of the funds.
ALPA - the airline pilot union abandoned their retired pilots by refusing to represent them in claims against USAir … thus violating their own bylaws;
U.S. Congress -– The pilots lobbied Congress to redress their grievance. The Airline Pension Act of 2003 (the bill known as HR 2719) was sponsored by 103 legislators but died in committee;
The Law firm representing the pilots was bought by a rival firm that represented only management; thus the original law firm withdrew from case;
Pension Benefit Guaranty Corporation (PBGC) – Although the PBGC recovered 103% of the pension funds, pilots are receiving only 60% of their pensions; there is a pending class action suit between the pilots and the PBGC.
Current Status – of the 1,100 retired pilots participating in the class action suit, 285 have since died – with no resolution after 8 years of litigation. The matter is still pending.
At one point during the lobbying effort, one of the petitioners (a retired pilot) was pulled aside by a chief aid of one of the senators mentioned above, who said:

“[Name redacted], I want to tell you something in strict confidence. If they find out I told you, it will cost me my career and my future. They are not only NOT going to help you, but it is their agenda to dismantle all Defined Benefit Plans worldwide, not just in the U.S.”
According to this aid, these were the goals of the leadership: To remove all legacy costs as a long-term obligation off corporate books with the goal of increasing shareholder value. Not targeting pilots specifically, their aim was to use USAir as a test case for cutting legacy costs in key industries, such as automotive and steel and the public sector, by circumventing or overturning laws that protected these pensions. The pilots were chosen as a test case because they were regarded negatively as “under-worked, over-paid playboys.”

Former Treasury Secretary John Snow was formerly the Chairman of CSX Corporation, a holding company sold to the Carlisle Group after Snow accepted a cabinet post in the Bush/Cheney administration. Dick Cheney held board positions in CSX and Electronic Data Systems (EDS). EDS was the largest creditor named in the USAir bankruptcy filing. As Treasury Secretary, Snow had jurisdiction over the Pension Benefit Guaranty Corporation (PBGC). Snow was Cheney's choice for the Treasury position. These are the relationships between the key players in this story.

As you can surmise from the above synopsis, busting unions and seizing pension assets has been a long term objective of the GOP. Lindsay and Octopus are awaiting the outcome of litigation between the pilots and the PBGC before publishing the full account.

O/T A Georgia Represenative was asked by a audience member when will someone shoot Obama.

11 comments:

The Glenn Beck Review said...

Do me a favor, kid. Change the link to my blog to read "Proof that Glenn Beck is a liar, hypocrite, charlatan and manipulating propagandist please?

I don't prove that Beck is an asshole, that's up to readers to decide for themselves.

I added you to my blog roll.

Glenn Beck Review

kid said...

Aww Shucks, I can't have any fun.

Sure no problem. Keep up the good work GBR.

Wake up American Citizens said...

Have no fears... You have both proven that your are each "assholes"

Shaw Kenawe said...

WUAC?


ZOMG! Another Ralphie blog!

Notice, kid, that the blog was started in Feb. 2011, has no postings, but somehow this WUAC found your blog and posted his a**hole comment?

This is classic Ralphie aka "tha malconent" behavior.

He's known as the Cybil of the Blogsphere.

LOL!

kid said...

Thanks Shaw, I know he's a sockpuppet.

Octopus said...

Many thanks for the heads up. Good job!

BTW, Shaw and I have a mutual friend who exposes fraudulent blogs and trolls. Check out Blogging Sleuth for reports on the worst of the worst. Sounds like WUAC may be a future candidate.

tha malcontent said...

Shaw, Kid and ALL of your misguided Racist Liberal Psychopath followers, no matter what disorders you may suffer from, all I have to say to you ALL is screw you and the Donkey your rode in on. If you think that I care one iota about any of your conspiracy theories or fantasies then you really are undeniably a pathological moron. And that goes for your Friends, your Sleuths, and your Moles no matter what color of how many legs they may have.

Octopus said...

Dear Kid,
I hope you will take some advice from an old Octo-Pappa-Pus: Delete them. Don’t answer them. Don’t engage them. Every minute wasted on trolls is a minute of your life that you will never get back.

Many of these trolls are organized. They are self-appointed or operate in Psy-Ops gangs and their purpose is to distract you, to disrupt your blog discussions, to demoralize you and your readers, and waste your time. Don’t let them do this to you. Delete them.

Many of them are called Freepers who are employed by Freedom Works or other shadowy right-wing cyber groups. Most of them are anonymous or use fraudulent, often stolen or plagiarized screen identities.

Over the years, I have received thousands of hate messages … even death threats (which I report to law enforcement and prosecute at every opportunity).

I hope you will heed these words of experience. Take control by deleting them; don't let them control you, your readers, or your blog.

tha malcontent said...

The above post is proof that Liberalism is a mental disorder. And that Liberals are delusional.
It's been fun, but the Lefty Loony Liberals are not worth anymore of my time.

Darth Bacon said...

That's right, Octopussy.

Don't engage anyone with a different opinion. After all, 'engaging' and 'persuading' people of the merits of your ideas is so white, and 20th-century. Your ideas are far too noble to bother with silly old enlightenment principles like 'reason'. Just ram them down peoples' throats, and call them racists if they hesitate to let you improve them in your own image.

Just seal yourself off in your little echo-chambers with the other hate-filled Thefties, and keep chanting "Four legs good, two legs b-a-a-a-a-ad!".

Not one of you can support your statements with a rational argument. All you have is your anger and hate.

Pathetic narcissists.

It's going to be fun making Soylent Green out of you lot.

Sleuth said...

Me thinks Malcontent protests too much.