Posted on 06/22/2011 1:10:09 PM PDT by NormsRevenge
New emails obtained by The Daily Caller contradict claims by the Obama administration that the Treasury Department would avoid “intervening in the day-to-day management” of General Motors post-auto bailout.
These messages reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions. (General Motors not eager to be political talking point in 2012)
Republican Reps. Dan Burton and Mike Turner say that during the GM bailout, Treasury Secretary Timothy Geithner decided to cut pensions for salaried non-union employees at Delphi, a GM spinoff, to expedite GM’s emergence from bankruptcy.
At a Wednesday hearing, the House Oversight Committee’s Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending started pushing the Treasury Department for answers on the effects of the bailout and on how much of a role the department played in picking winners and losers.
...
In 2009 congressional testimony, senior Obama administration official Ron Bloom said the president told the Treasury Department to stay out of the management of these companies and downplayed any administration intervention.
“From the beginning of this process, the President gave the Auto Task Force two clear directions regarding its approach to the auto restructurings,” Bloom said then. “The first was to behave in a commercial manner by ensuring that all stakeholders were treated fairly and received neither more nor less than they would have simply because the government was involved. The second was to refrain from intervening in the day-to-day management of these companies.”
But the emails TheDC obtained show high-ranking Treasury Department officials, including Matthew Feldman of Treasury’s Auto Task Force, corresponding with senior GM officials on how to make certain decisions regarding who was going to win and who was going to lose.
....
(Excerpt) Read more at news.yahoo.com ...
Now that we’re on the subject of Ø’s e-mails, why not release all of his e-mails from the time he was a state senator to date. Sarah Palin had to release her’s. I mean, fair is fair.
Oh so that's why all the non-union people got screwed. Bond holder got nothing, non-unions looses their pension.
Can we just get this revolution started already?
We now live in pre-Castro days of a Totalitarian, Union-Government complex that steals for itself.
Closing all GOP-donor’s dealerships.
$73 billion to GM union pension and healthcare coffers.
GM puts money in mainly Democratic campaign coffers.
GM CEO says “$1 additional gas tax would be good”
GM subsidizes loser product, the Chevy Volt, to no audience and loses billions.
I think Obama is pushing us to act, so he can bring in the military to quell the “civil unrest”.
I’ll bet there would be a hell of a lot more than 18 1/2 missing minutes.
Words can’t express my disgust with that piece of trash.
One needs scientific notation to adequately express the magitude of democrat corruption.
Were I the non union workers who were scr...er...Obama’d, I’d press for full release of the Obamaloon and union leader’s emails.
And as an added bonus, I really think those non union workers should be provided with the home addresses of the union leaders.
Just for information only, I assure you.
I guess the modern purpose of a union is to keep you from being exploited by evil communists in the government
I’m pretty sure I’ve read that there are no records from his time in IL. Apparently he didn’t feel bound by rules to archive such records.
and you overlooked the phrase they used, something along the lines of, we are looking to China for our future.
Add that to what you have mentioned and you have in the short run, one of the largest corporations in America being a mouthpiece for the Obama administration on energy policy... (which is soooo disjointed and dickslexic.... at what point will higher energy costs add to sales of GM cars? Oh ! I know, we will all buy 45,000 volts and then have to worry about rising electricity prices, particularly after the EPA shut down the coal industry), in the mid term, the employment has moved out of the country.... and the long term possibly the dissolution of GM or it becoming part of a global government circus. Either way, it looks to me like GM has moved to a new home in China. Either way, GM is Government Motors.
I really hate these people. Impeachment proceedings will start 6 months after he is out of office. And Geihtner should be in Leavenworth.
Chicago mafia administration
“I really hate these people. Impeachment proceedings will start 6 months after he is out of office. And Geihtner should be in Leavenworth.”
Following impeachment, we should reconstruct the guillotine and use it.
It’s the Commie pattern. Reward party members, screw the rest. The unions are defacto members of the Democratic Left. They produce a lot of votes, and a lot of demonstrators for hire.
If these these “bass turds” avoid the gallows they will be lucky!
but zero is for the working man!!!
Rep Issa has done a good job on fast and furious thus far and he best finish the job....
this issue should be next on his agenda and he best issue a slew of subpeona’s on it....besides screwing non-union employees, why did zero’s administration close down profitible GM/Chrysler dealerships yet let those that had been chronic money losers remain open???
like fannie/freddie/ it was all about campaign contributions..
Just reinforces my determination to NEVER buy another (I bought my last GM product in 1985) GM product.
Our blood boils at the wicked perfidy of this confederacy of bandits and liars and thieves and miscreants and vermin enemies inside our gates.
Any area the United States excels at was a target to undermine. Auto industry, NASA, Military (defund, spread thin, gay agenda) The best healthcare in the world, transformed to Obamacare. Individual freedoms protected by the Constitution, (gun ownership, free speech)
He is here to help Soros usher in his NWO vision. One country cannot be stronger than others, in order to advance the agenda.
It’s a state-owned entity in a crazy debt regime. Take them all—union pensions, too.
This is what fascist mobsters do—put the squeeze on you for failing to play their game. How dare you not fall in step with the union black shirts. We’re going to hurt you and hurt you bad. We’ll show you what it’s like to dare to be non-union.
Yep—they really, really love ya, right? Killing these people’s retirements. That’s real love, wouldn’t you agree? They can hardly wait for Dr. Josef Mengele to see you for your next check up. Trust them...they just want to “take care of you”.
And yet these criminals are still tolerated...
The list, ping
Let me know if you would like to be on or off the ping list
RACIST!
We should just get as many of those 20,000 who's pensions got cut to a stadium somewhere, march him in there, lock the gates, and come back in a few hours.
The government force the order of who got paid during the GM bankruptcy. The broke the law and ignored establish procedure. They ended up giving Union Pensions money they were not entitled to by law, while screwing those that were first in line. The courts did not uphold the law either, and agreed with the government. Everything has been turned upside down since O took office.
This is a bit more complex than many here realize.
Delphi was spun off from GM 10 years before GM went bk.
Delphi went bk in 2005.
Basically Delphi salaried folks got about what was prescribed by law per the PBGC rules and the amount of pension funding.
It was the UAW folks at GM who made out like bandits.
1. Welcome to the Corporate State.
2. Gangster Government.
3. This is worse than Watergate, Bert Lance, Iran Contra, or White Water. It sure as Hell is worse than Valarie Plame.
I read this somewhere and thought I would pass it along. Can't remember where. It does bring up some questions.
Nobody in Columbia recalls seeing him in their classes, no ex girlfriends have surfaced, no childhood friends.
Why did he lose his license to practice law in Illinois?
No listing of campaign donors, no record of law practice or clients. No state senate records. No baptism records. No school records. No adoption or medical records.
And there's more.
I wonder if it's all true.
It’s like a Third Way ‘Thug Nation’ Chicago-Style Regime.
The behavior and ‘governance’ offered so far is laughable .. and damnable at the same time... and begging for investigation(s).
Meanwhile, the lamebrain media have their keyboards and mics effectively locked away or on Mute.. and with no series challengers to O in a Dem primary.. It ain’t likely it’s gonna get better anytime soon with Holder at DoJ.
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