Obama Administration Drove to Cut Off 20,000 Non-Union Workers’ Pensions

The Obama Administration was driving to cut off the pensions of 20,000 non-union workers.
The Daily Caller reported:

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.

1 2 Newer Comments >>
`

#1 August 7, 2012 at 9:36 am
Tom in CA commented:

There are so many stories like this with the O administration, it is hard to keep track of them all.

I wonder how many of those Delphi workers that were screwed will still vote with O?
#2 August 7, 2012 at 9:41 am
Spider commented:

There is no Red or Blue America,

but there is Union or non-Union America.
#3 August 7, 2012 at 9:42 am
NeoKong commented:

Except for the UAW everybody involved in that bailout got screwed.
Those companies were stolen from the rightful share holders.
#5 August 7, 2012 at 9:46 am
SoLongSong commented:

Please dear God, let us have an August, September and October surprise…the problem is, which scandals to pick with this corrupt administration, and will the complicit mainstream media ever, EVER do their job?
#6 August 7, 2012 at 9:47 am
Bitter Clinger commented:

How can this even be legal? Watching the Chysler bond holders get screwed was shocking enough, now this! Lawlessness doesn’t even begin to describe the despot in OUR White House! Puts Hugo Chavez to shame!
#9 August 7, 2012 at 10:14 am
Teresa commented:

And what will the Republicans do about the administration lying to them again. Nothing!
#10 August 7, 2012 at 10:14 am
Earl P. Holt III commented:

Where are all the gutless “Establishment” Republicans? ANSWER: Running for the tall grass as they always do whenever there’s a REAL job to be done…
#11 August 7, 2012 at 10:22 am
wtd commented:

Ann Barnhardt discusses the federal takeover of 401k plans to help fund union pensions.

“Teresa [Ghilarducci] recently was called before Congress to give testimony about her paper and this plan”. . .”The bill for this is already being written, and TRUST that it isn’t being written by anyone ACTUALLY in Congress. No, it is being written by flaming Communist Teresa Ghilarducci and her orcs over at The New School (too Freaky for Mussolini).”

Rather than post the entire 2 thread length report, here is the bottom line via
401k Confiscation: The Ghilarducci Plan:

Epilogue: MF Global, PFG Best, and now the Knight Capital “algo error”. One of the reasons that the government is gleefully relishing in the disintegration of the financial markets is because they WANT people to BEG the government to “nationalize” and “guarantee” retirement accounts. They are building a dossier to argue that the markets aren’t safe (but remember, the markets have disintegrated BECAUSE of the actions and responsorial inactions of the oligarchs and their bureaucrat cronies). That’s what Communists do. This is the Cloward-Piven Strategy in full execution. Intentionally cause the system to collapse, then whip up the “useful idiots” into a frenzy, and finally seize total power AT THE INVITATION OF THE PEOPLE. The Russians BEGGED for Lenin and the Bolsheviks. They DEMANDED tyranny. The Germans BEGGED for the Third Reich and Hitler. They DEMANDED tyranny.
Before it is over here, the people of the United States, monumentally more stupid, godless and most especially HELPLESS, will BEG the government to take over their retirement accounts – to save them from the very market that the government has coordinated with the Bankster Oligarchs to destroy.

Read the whole thing.
#12 August 7, 2012 at 10:37 am
Amjean commented:

While it is shocking enough that a president and his administration circumvent and break
the law continuously, it is even more shocking that nothing seems to be done about it.
#13 August 7, 2012 at 10:54 am
Ella commented:

# 12 It is going to be a total LANDSLIDE in November. An utter WIPEOUT. Count on it. We know it and that punk in the White House knows it.
#14 August 7, 2012 at 11:36 am
Larkin commented:

Never fear! I have every confidence that ERIC HOLDER, CHAMPION OF JUSTICE is on the case.

/barf
#15 August 7, 2012 at 11:51 am
Redwine commented:

Calling on Romney! Calling on Romney!!
Here’s your next ad. Ready to go!!!
#16 August 7, 2012 at 11:52 am
Nelle commented:

This would make a nice campaign ad. Not just for Romney, either. I’d sure like to see this get picked up on and made clear as glass, and widely disseminated. Not in a union? Be careful who you vote for.
#17 August 7, 2012 at 12:27 pm
kato commented:

The unions’ errand boy directed his Labor Dept. to waive a requirement that certain large companies give 60-days notice of impending layoffs. The errand boy is afraid that there will be hundreds of thousands of layoff announcements right before the election as a result of sequestration and the mismanaged economy.

The WSJ reports that Lockheed Martin alone could fire up to 100,000 workers.

This waiver is of questionable legality, and companies probably wouldn’t take the chance of disregarding the rule. Still, it shows how desperate — and dishonest — the subprime grifter is.
#18 August 7, 2012 at 12:50 pm
Blacque Jacques Shellacque commented:

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.

Hello? We DO have an opposition party, right??
#19 August 7, 2012 at 1:30 pm
Mahdi Al-Dajjal commented:

To millions of American voters, since this was not reported on the evening news, it didn’t happen in real life and is a fictitious event contrived by evil rightwing Republican nutcases in a vain attempt to smear Obama and his Administration with their slander and lies.

Isn’t a media entirely controlled by one political party just wonderful?