Romney should get all 20,000 Delphi non-unionized employees to be in a political ad that tells Americans what Timothy Geithner and President Obama did to their pensions and health care benefits. It also needs to be pointed out that Obama’s ex car czar ducked Inspector General’s questions for almost three years before ratting out Team Obama. Obama’s first car czar, Steven Rattner, already spilled his guts on this fraud.
We have learned from the SIGTARP report, and Obama’s car czars, that Team Obama used politics to close GM dealerships in Republican districts. The regime changed bankruptcy laws to reward union workers over GM shareholders. They fired GM CEO Rick Wagoner, due to his severance package, and installed Whitacre who had zero experience in the automotive field. They sacked the pensions of non union Delphi workers but made sure UAW union worker kept their benefits. We learned that David Axelrod and Rahm Emanuel were heavily involved with these political decisions.
Republican House Ways and Means Committee chairman Dave Camp demanded Wednesday that the U.S. Treasury Department and the Obama administration release records connected to an emerging scandal surrounding autoworker pensions terminated during the auto bailout. The Pension Benefit Guaranty Corporation (PBGC) and the Treasury Department axed pensions in 2009 for 20,000 non-union salaried retirees who worked for Delphi.
Those workers’ pension plans lost between 30 and 70 percent of their value, while similar plans covering members of the United Auto Workers and other labor unions were preserved and made whole.
Camp fired off letters to PBGC director Josh Gotbaum, Treasury Secretary Timothy Geithner and White House Counsel Kathryn Ruemmler, asking for dosuments by September 7. His committee seeks internal documents and communications relating to the decision-making process that resulted in those pension losses for non-union Delphi retirees.
From the PBGC, Camp demanded Gotbaum provide “all records, including but not limited to electronic mail to or from PBGC, the Departments of Treasury, Labor and Commerce and the Executive Office of the President of the United States” that relate to Delphi and General Motors’ interest in Delphi “for the period of January 1 through December 31, 2009.”
He demanded similar documents from Geithner and Ruemmler.
“Treasury has claimed in testimony and court filings that it had no substantial role in the decision to deny 20,000 salaried retirees of Delphi the full pension they were promised and worked hard to earn,” Camp wrote in his letters to the high-ranking officials. “However, documents obtained from the Pension Benefit Guaranty Corporation (PBGC) pursuant to the Freedom of Information Act (FOIA) and recently published raise questions about the full extent of Treasury’s involvement in the decisions that ultimately picked winners and losers among Delphi’s retirees.”
A House Ways and Means committee press release cited an Aug. 7 story in The Daily Caller that included internal PBGC emails showing senior White House and Treasury officials were behind the pension terminations.
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