Emails:Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions 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.
The move, made in 2009 while the Obama administration
implemented its auto bailout plan, appears to have been made solely because
those retirees were not members of labor unions.
The internal government emails contradict sworn testimony,
in federal court and before Congress, given by several Obama administration
figures. 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 figures violated federal law.
Delphi, a General Motors company, is one of the world’s
largest automotive parts manufacturers. Twenty thousand of its workers lost
nearly their entire pensions when the government bailed out GM. At the
same time, Delphi employees who were members of the United Auto Workers union
saw their pensions topped off and made whole. . . . .
Notes: add to this the fact that the GM take-over involved the destruction of pension funds held by thousands of teacher and police union members holding primary stock in GM. When Obama had finished abusing stockholder contract law, the pensioners lost more than 60 cents on every dollar invested in their retirement.
You can bet that, should Obama win re-election, corruption charge upon charge will be the story of the day. The GOP has plenty of scandal to prosecute: IMF Global and the "disappearance" of half a billion in consumer funds; Fast and Furious and the deaths of two border patrol agents; the scandal listed above involving the Administration's lies with regard to non-union Delphi employees (20, 000 of them); the Eric Holder contempt charge and continuing investigation; the security leaks scandal involving at least 6 events and the deaths of secret agents; Obama's illegal use of "Executive Order;" all that is involved in the half billion Solyndra scandal; Obama 's attack on religious liberty and the rights of free religious conscience; Obama's commandeering of the legislative process; the little know SGNA scandal, Obama giving nearly half a billion to a campaign donor via a no-bid contract; his end run around the US Congress with the invention of his government (the 40 Obama Czars along with their staffs and the protection of "executive privilege) and the related abuse of his regulatory powers.
Its only a SCANDAL if people care about it. None of these so called "scandals" have any traction with the public. Its nothing like breaking into a campaign office (Nixon), selling guns to Iran to fund terrorists (Reagan), getting a blow job in the oval office (Clinton) or torturing prisoners (Bush). A real scandal actually resonates with the public.
ReplyDeleteI would say that "Obviously, you are wrong."
ReplyDeleteStealing the pensions of union investors in GM is a scandal. Traction is one thing, scandal is quite another.
Running guns in an effort to frame a case for gun control ending with the deaths of two federal agents, sorry, but that is a scandal.
Bush saved hundreds of military lives with the torture" of three terrorists . . . . . fine with me, and that would be fine with you if your son was one of those saved.