Washington, D.C., March 15, 2006 – The IAM Journal, the quarterly magazine of the International Association of Machinists and Aerospace Workers (IAM), details parents, grandparents and their children being plunged into poverty by a cabal of drug companies, politicians and corporate CEO’s taking full advantage of this nation’s health care crisis. “Mugged” is available online at http://www.goiam.org/publications/spring2006.
“Corporate America and its political allies blackjacked them with higher fuel, higher drug and higher insurance costs,” said IAM President Tom Buffenbarger in the introduction to a feature length article describing the slow motion mugging seniors have faced during the past five years. “Privatizing Social Security and the new Medicare Part D Drug Plan were nothing less than premeditated scams to rip off an entire generation.”
The magazine reports on a succession of lethal assaults seniors and their families have endured since the Bush Administration took office in 2001.
The article urges IAM members to protect their own retirement by fighting back. A special website at http://www.goiam.org/issue.cfm?cID=6526 serves as a companion to the article and gives readers the opportunity to “Whack a Hack” and join the fight against politicians and CEO’s who “stole your pensions, mugged your parents and robbed the gold from your children’s golden years.”
The IAM is one of the largest industrial trade unions in North America, representing nearly 720,000 active and retired members in the U.S. and Canada. For more information about the IAM, visit their website at www.goiam.org.