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Obama Admin/Geitner commit perjury/fraud over GM/Delphi pension cuts!

Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Oh go figure. Lie a little here, fib a bit there. No union workers get hurt . . . only the middle manager salary guys. Yup, the Obama Admin's supposed bail-out of GM caused 20,000 non-union workers to lose their pensions, while the union folks got theirs made whole.

And there are now internal emails from Obama Administration officials that show there were lies by Obama officials told in court testimony :hammer:

FULL STORY at the link => http://dailycaller.com/2012/08/07/e...-cutoff-of-non-union-delphi-workers-pensions/

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.



Read more: http://dailycaller.com/2012/08/07/e...-union-delphi-workers-pensions/#ixzz22roFiiOO
Click to expand...
 
tiredretired

tiredretired

The Old Salt
SUPER Site Supporter
How can this be? Isn't this the party of the working man? The so called little guy?

Can you just imagine for one second the field day the lamestream "news" media would have if it was Romney and Bain Capital that had terminated these 20,000 pension funds, along with emails that document that they had lied about it.
 
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