UAW Charges Romney With Profiteering From Auto Bailout


Greg Palast previously reported that Romney secretly made millions, and his biggest donors billions, off the taxpayer funded auto bailout. He wrote about how Mitt and “Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment.”

As Bob King, President of the United Automobile Workers pointed out, Mitt Romney was busy writing op-eds opposing the Detroit auto rescue, but was even busier making money with his Delphi investor group "off the misfortunes of others."

Greg Palast now has a follow-up at Truthout:

[Mitt Romney] has just learned that tomorrow afternoon (November 1) he will be charged by the United Automobile Workers (UAW) and other public interest groups with violating the federal ethics in government law by improperly concealing his multi-million dollar windfall from the auto industry bailout.

King said that the UAW and Citizens for Responsibility and Ethics (CREW) "have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called 'blind' trust."

The UAW complaint calls for Romney to reveal exactly how much he made off Delphi -- and continues to make.  The Singer syndicate, once in control of Delphi, eliminated every single UAW job --25,000-- and moved almost all auto parts production to Mexico and China where Delphi now employs 25,000 auto parts workers.

More details here.