INTERNAL EMAILS: GEITHNER, TREASURY KILLED PENSIONS OF 20,000 NON-UNION AUTO WORKERS
Here we go again, America
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company in 2009.
The move, made while the Obama Regime implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions. What a shock.
The internal government emails contradict sworn testimony – in federal court and before Congress – given by several Obama administration officials. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration officials violated federal law.
The White House and Treasury Department have consistently maintained that the Pension Benefit Guaranty Corporation (PBGC) independently made the decision to terminate the 20,000 non-union Delphi workers’ pension plan. The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.
It will interesting to see how this plays out before the election – with time ticking off the clock. More denials an obfuscations? Most definitely. More subpoenas and contempt of Congress charges? Most likely – but unfortunately, not until after the election.
Another scandal from the most ethical and transparent administration in history. And from the “Jobs” President, as well.
Categories: Government Motors, Huh?, Jobs, Non-Union Workers, Obama Reelection Campaign, Obama Regime, The Utter Failure of Barack Obama, Union Nonsense
Tags: 2012 election, Barack Obama, Delphi, Pension, Pension Benefit Guaranty Corporation, Timothy Geithner, White House
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It reminds me of the abomination of a deal with Boeing, when they were initially denied permission to build the huge aircraft plant down South (SC?) because they were hiring non-union workers. What an outrage! Our economy in the dumps, but the administration sidelined a massive employment opportunity, all to show solidarity for organized labor. They did work it out. It cost Boeing millions, perhaps billions. I don’t recall the specific details. Bottom line: Was it fair to the non-union people (mentioned here) to lose their pensions? Did they individually have a choice to join the union, or were they just unfortunate enough to have worked in a non-union position?
Yep, SC. Not only did O object to building the plant there, but he later stood at a Boeing plant in Washington state – before a crowd of union-workers, of course – and praised the work of the SC employees!
O’s hypocrisy knows no bounds.
Barry definitely has some support in Seattle, with all the tree-huggers in the Pacific North West. Boeing was a huge defense contractor. They will lay off workers if all these proposed reductions in the DOD budget go through. It seems to me like the average person should realize that Obama’s policies have not helped our woeful economic situation. Obamacare will prevent employers from hiring, perhaps even cause lay-offs. Military force reductions add thousands to the unemployment line. Cut backs in overall defense spending hurt the big employers like Boeing, Lockheed-Martin, General Dynamics, etc. I am certainly no economist. But, I feel the policies put forth are dragging the economy down, not breathing life into it.
49 % don’t pay taxes, including Romney for 10 years (right?) add to that 11.9 % union support of wage and salary workers…and what do you get? Vote wise? Total maybe 51% on Nov. 6. Gonna be a real challenge to win this.