Skip to comments.Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
Posted on 08/07/2012 5:10:44 AM PDT by Cincinatus' Wife
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 worlds 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.
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.
(Excerpt) Read more at dailycaller.com ...
Just makes them pay more for Power, Food, and Gas.
Then cuts their penision for not belonging to a Union.
Boehner doesn’t care.
Pelosi doesn’t care.
Reid doesn’t care.
Deal with it (vote the bastards out).
“The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. “
And with this line alone, Congress ie. the House should immediately hold a hearing and ARREST AND JAIL EVERYONE INVOLVED for PERJURY. Yes Congress has Police Powers and always has. These same squishy little weenies would not think twice about using their power against one of us for committing the exact same act.
Most vile administration ever! No limit to their lies and skulduggery. They copy their boss Obama.
SHACKLE the JACKALS!
My husband is one of these retirees. For the past three years, this group has spent over $2million dollars on legal fees, and have spent the last year in court to finally have documents released to us. We will not give up, because we have proof that we were wronged, although it was obvious to us from the beginning.
But the odds of this actually being corrected are? As long as this set of crooks are in office I will say nil, nada, ain’t gonna happen. They can never been shown as being wrong especially on their “signature” efforts.
Absolutely right. The House should subpoena Geithner to testify. If he lies (and he will), the lousy runt will always have a perjury charge lurking and with luck could be sued in civil court by those people who had their pensions stolen.
Out of its many failures, the one thing the Obama administration has been amazingly successful at is sending Americans to the unemployment line.
Hussein’s war on non-union workers should surprise no one.
Wow. I am utterly shocked. /sar
I see another executive privilege in Obama’s near future.
I sent this to all the libs I know and told them to all keep telling themselves ‘4 more years, 4 more years”
The Obama Administration’s outgoing pardon list will be very, very, very long.
I wonder how many requests for pardons are being delivered to Holder and Obama for review and approval. I wonder how Obama is using these “get out of jail free” cards to enrich his campaign and his future life style.
Why do a list? That sounds like hard work.
He could sign a new executive order and pardon every person employed by the federal government under his administration.
Who would tell him no? Who has told him no so far?
surprised??? still waiting for a hearing as to why some McCain contributing, productive GM/Chrysler dealerships were targeted for closure by the government while money losing dealerships who contributed to nullah obama’s jihad in 2008 were allowed to stay open...
So this is why they had a “special” bankruptcy.So they could discriminate against non-union employees.
Every time people get on me for my utter hatred of “Thulsa of Doom” in the WH, these stories remind me.
BJ Clinton made 10s of millions on his pardons.
Baraq will make 100s of millions.....
If he Lies?? It appears he already has LIED, JAIL HIM NOW along with the rest of the gang. Actually the House doesn’t even need to hold hearings, they could just subpeona everyone and Arrest them on the Spot using already made public evidence. Hold a vote to appoint a Special Prosecutor and let them rot til the Senate Agrees.
Tyrants don’t usually start right off marching people into the death camps. They get around to it eventually.
They lie, and look to see if anyone cares... they steal, and look to see if anyone objects... they imprison, and look to see if anyone notices...
As soon as they are fully satisfied that they do anything they want without resistance, the purging begins.
Why doesn’t Romney have the Delphi retires gather en mass for a campaign commercial, a la BO’s Bain ad with that old steel worker who was laid off? Is Romney really that slow? Maybe he’s not smart enough to be President.
Romney is a panzie and p%^^y. He makes me sick with how milquetoast he is.
Imagine if Christie were leading this charge? He would be right in the face of ghettobama daily.
Just got thru reading this latest outrage from the Obama Administration. Let us not forget that Obama and his thugs also closed republican owned dealerships all over the country. This is the most corrupt administration in the history of this country.
I think this is a campaign ad that would get to Every working American directly.
All those delphi workers who were screwed standing in a group with a background voice reading the “testimony” of Turbo Timmy and his merry band of thugs and then the printed emails plastered on the screen showing they lied to the courts and screwed these people out of their Pensions.
The last voice over could be ‘They got away with shafting these Americans out of their retirement imagine what they will do to you if re-elected.’
Millions were spent procecuting Roger Clemens for lying to congress about steroid use. Here 20,000 families get the shaft and Congress will do nothing.
“Why doesnt Romney have the Delphi retires gather en mass for a campaign commercial, a la BOs Bain ad with that old steel worker who was laid off?”
I LOVE your suggestion. I think people who oppose Obama’s policies (and outright criminality) are craving action by the Romney camp that would bring some of the most grevious injustices of the administration to the forefront.
What is holding Romney back? And, by that I mean—what are the negatives to this strategy that he perceives?
Agree. If Romney doesn’t use this outrage in a commercial he just doesn’t want to win. I suggest we also call Boehner’s office and demand he call for hearings and a special prosecutor. Obama and his thugs are breaking the law with impunity.
Romney is making me ill with his panzi ass campaign so far.
Pathetic how weak he is and afraid tot ake on Thulsa Doom Obama.
Never give up. If you were one of the ones whose pension was destroyed for political reasons you and your group should make a TV ad proclaiming the truth about the situation. Don’t frame it as a political advertisement, as it would get lost in the plethora of ads on the airways this year, make it look like a call by one of these ambulance chaser lawyers’ firms. Get the truth out and get it in front of peoples’ eyeballs............
Saying a prayer for you both!
Probably something Romney could help bring attention to. Something to think about.
That's what makes the work done by Sheriff Joe and the MCSO Posse so very, very, very important. Every last EO and every single pardon of his have to be completely and totally eradicated!
Nothing is going to happen before the new president is elected and sworn in, but afterward we need to stay on the backs of both houses of Congress until they invalidate everything the star of the most outrageous long con in history has perpetrated! Everything!
No "new tone" crap! That only led to an increase in the level of corruption because all the perps knew they'd get away with it.
Boehner? Call for hearings and a special prosecutor? Boehner! You're kidding, right?
Federal prison for each and every one of them. Mr. Boehner, get off your arse!
Yeah...I know...but we absolutely should make our outrage known to him and McConnel. Hopefully after November, we can get new leadership on the house and senate.
IF Romney & the RNC don’t want to put together such an ad directly, how about all thos large PAC’S?
The Koch brothers should be VERY interested.
The next Congress and US AG will be busy prosecuting all the corruption that is the Obama administration.
Romney has spoken about us, especially in Ohio and Michigan. So believe me, he knows. We have been in intense contacts with several congressman and senators, but either their hands are tied or don’t have the guts to proceed with a remedy. Of course they ‘support us’ whatever that will get you.
Romney DID make a web ad a while back regarding our pensions.
Scooter Libby was convicted of lying to and FBI agent based on the FBI agent’s hand written notes of the interview. These lying bastards will escape unscathed. Why do Dems make such good politicians? Because they have absolutely no scruples whatsoever.
The Dems are aided and abetted by spineless Repubs.
Not to worry, the Washington Post and NY Times are on this like white on rice.
anything less than impeachment and imprisonment would be a travesty for the CONgre$$ional crooks on both sides of the aisle in DC.. where is the oversight? the prosecution?
People who dedicated their lives to these companies are being crucified. And it’s not just Delphi. Retirees from Bank of America are being left with no pension thanks to Chris Dodd and that disgusting Frank.
I despise them all. Heartless, powerhungry monsters.