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Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
Daily Caller ^ | August 6, 2012 | Matthew Boyle

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 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.

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 ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government
KEYWORDS: auto; autobailout; automakers; bho44; delphi; geithner; nonunion; pbgc; pension; pensions; treasury; union; unions
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1 posted on 08/07/2012 5:10:51 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
But Obama is for the Middle Class

Just makes them pay more for Power, Food, and Gas.

Then cuts their penision for not belonging to a Union.

2 posted on 08/07/2012 5:13:26 AM PDT by scooby321 (AMS)
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To: Cincinatus' Wife

Boehner doesn’t care.
Pelosi doesn’t care.
Reid doesn’t care.
Deal with it (vote the bastards out).


3 posted on 08/07/2012 5:16:58 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Cincinatus' Wife

“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.


4 posted on 08/07/2012 5:18:48 AM PDT by eyeamok
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To: Cincinatus' Wife

Most vile administration ever! No limit to their lies and skulduggery. They copy their boss Obama.


5 posted on 08/07/2012 5:21:36 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: eyeamok

SHACKLE the JACKALS!

Bump.


6 posted on 08/07/2012 5:21:36 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: Cincinatus' Wife

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.


7 posted on 08/07/2012 5:22:22 AM PDT by arichtaxpayer
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To: Cincinatus' Wife

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.


8 posted on 08/07/2012 5:22:40 AM PDT by The Working Man
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To: eyeamok

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.


9 posted on 08/07/2012 5:24:29 AM PDT by allendale
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To: Cincinatus' Wife

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.


10 posted on 08/07/2012 5:27:24 AM PDT by reagan_fanatic (Worst. President. Ever.)
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To: Cincinatus' Wife

Wow. I am utterly shocked. /sar


11 posted on 08/07/2012 5:29:46 AM PDT by animal172 (Calling the Founding Fathers!! We need your help.)
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To: Cincinatus' Wife

bump


12 posted on 08/07/2012 5:30:09 AM PDT by Rumplemeyer (The GOP should stand its ground - and fix Bayonets)
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To: Cincinatus' Wife
I sense a stern letter coming from the House Pubbies.
13 posted on 08/07/2012 5:30:53 AM PDT by liberateUS
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To: Cincinatus' Wife

Bump


14 posted on 08/07/2012 5:31:34 AM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: Cincinatus' Wife

I see another executive privilege in Obama’s near future.


15 posted on 08/07/2012 5:32:24 AM PDT by Toespi
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To: Cincinatus' Wife

I sent this to all the libs I know and told them to all keep telling themselves ‘4 more years, 4 more years”

FUBO!!!!

FFFUUUBBBOOO!!!!

FFFUUUBBBOOOO!!!!


16 posted on 08/07/2012 5:33:12 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: arichtaxpayer
God bless you both. You were among the very first victims of this so-called President and his administration of criminals. I hope you regain every penny of your husband's pension ...... and then some!
17 posted on 08/07/2012 5:34:06 AM PDT by liberalh8ter (If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
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To: dennisw

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.

Clinton’s list:

http://www.justice.gov/opa/pardonchartlst.htm


18 posted on 08/07/2012 5:35:57 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

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?


19 posted on 08/07/2012 5:39:57 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: Cincinatus' Wife

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...


20 posted on 08/07/2012 5:40:20 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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