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.Do tell. Remember this when people claim that the auto industry bailout was to "save the American auto industry." No, it wasn't. It was to save the UAW's ass and pay them off for their cruical support of the Democrats that allowed them total control of the government for two years. Which is why we the taxpayers are still out over $50 BILLION, and why those who would have gotten a partial payback from an ordinary bankruptcy process got near-nothing, while the unions were made whole AND were gifted a major ownership share in the "new" Government Motors.
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.
August 07, 2012
Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions
Posted by Tully at 12:35 PM