Author Topic: "No pension for that non-union scab!"  (Read 445 times)

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Offline CG6468

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"No pension for that non-union scab!"
« on: June 23, 2011, 10:00:57 AM »
Quote
Private emails detail Obama admin involvement in cutting non-union worker pensions post-GM bailout
Published: 3:12 PM 06/22/2011 | Updated: 8:05 AM 06/23/2011
By Matthew Boyle - The Daily Caller

New emails obtained by The Daily Caller contradict claims by the Obama administration that the Treasury Department would avoid “intervening in the day-to-day management” of General Motors post-auto bailout.

These messages reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions. (General Motors not eager to be political talking point in 2012)

Republican Reps. Dan Burton and Mike Turner say that during the GM bailout, Treasury Secretary Timothy Geithner decided to cut pensions for salaried non-union employees at Delphi, a GM spinoff, to expedite GM’s emergence from bankruptcy.

At a Wednesday hearing, the House Oversight Committee’s Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending started pushing the Treasury Department for answers on the effects of the bailout and on how much of a role the department played in picking winners and losers.

(snippers)

These emails show the Obama administration was not only active in guiding GM executives’ decisions, but Treasury Department officials were influential in crafting GM’s message to the public.

With Engebretsen asking GM to move references to the Treasury Department out of the press release’s lede paragraph, it suggests the Obama administration wanted to publicly downplay its role in the GM bailout and the Delphi workers’ subsequent loss of their pensions.

LINK: It Just Gets Worse Each Day
« Last Edit: June 23, 2011, 10:04:12 AM by CG6468 »
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