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.