THE BLACK KETTLE

Proverbs 21:30

Private emails detail Obama admin involvement in cutting non-union worker pensions post-GM bailout

By Matthew Boyle – The Daily Caller:

President Barack Obama addresses workers about the economy, Tuesday, Sept. 15, 2009, during a visit to the Lordstown Complex General Motors Plant in Warren, Ohio. (AP Photo/Charles Dharapak)

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.

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June 23, 2011 - Posted by | Uncategorized

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