OBAMA SECRETLY WORKED AGAINST NON UNION WORKERS..........DESTROYING THEIR LIVES AND LIVELIHOOD......

Posted on August 7, 2012 by Paul Mirengoff


Obama administration footprints all over denial of pension benefits to non-union Delphi employees

Delphi, a General Motors company, is one of the world’s largest automotive parts manufacturers. When the government bailed out GM, 20,000 Delphi workers lost nearly their entire pensions. But Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.

The White House and Treasury Department have consistently maintained that the Pension Benefit Guaranty Corporation (PBGC) independently made the decision to terminate the 20,000 non-union Delphi workers’ pension plan. The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.

But now, the Daily Caller has obtained emails showing that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of the 20,000 salaried Delphi retirees. According to the Daily Caller, the emails contradict testimony given to Congress by Former Treasury official Matthew Feldman and former White House auto czar Ron Bloom, both key members of the Presidential Task Force on the Auto Industry during the GM bailout.

The emails show that representativesof the PBGC were “uninvited” from meetings at which the Treasury Department considered what to do about the Delphi pensions. This, says the Daily Caller, is likely a violation of federal law (29 U.S.C. §1342).

Other emails show that the PBGC believed it needed to clear decisions and action plans through senior administration officials. This view seems to have been justified. One email describes how the Treasury Department’s Feldman reported that he “has made progress discussing [a] proposal with a number of key folks in Treasury and at [the] White House, but he has not yet wrapped up his coordination.” Feldman “indicated that there is an 8am call tomorrow that he’ll use to close the communication-loop, and he’s confident he’ll have a fully-vetted Treasury view after that call.”

And so on.

Perhaps the Romney campaign can produce an ad in which a former Delphi employee whose pension benefits disappeared complains that the Obama administration took his benefits, but not those of union workers, and then told Congress, under oath, that it had no involvement in the decision. That, of course, is the kind of ad Team Obama has used so effectively against Mitt Romney based on decisions by companies controlled by Bain Capital. The analogy seems pretty close.

Just another way that Obama has fucked over the middle class and retirees.

do I need to debunk that bullshit again whirlie?


sure I do


Delphi is a parts company owned by GM .. you know what happened to GM in 08 ... so goes Delphi .. only GM didnt include Delphi in their bailout $$ and Delphi went down the tubes....


As a result of the Delphi Corporation bankruptcy, for example, Delphi and the Pension Benefit Guaranty Corporation were forced to terminate Delphi’s pension plans, which means there are Delphi retirees who unfortunately will collect less than their full pension benefits,” Former Treasury official Matthew Feldman testified on July 11, 2012

You are full of shit CJ;

The facts clearly show the non union Delphi employees got screwed while the union Delphi union workers had the pensions protected by the manuverings of Treasury Department !

You don't deny that do you CJ?

The PBGC is dictated to be an independent, fair and unbiased agency; but email trail shows Treasury was exerting influence on PBGC policy making regarding the non union pensions. And the email trail contradicts the sworn testiomny of Treasury officals before Congress ! Interpretation for the reading challenged: Treasury lied (or misled) in their testimony.

Your fucking proof is a mis-quote from a former Treasury official ?

You are a joke....why do you believe Feldman ?? The email trail says otherwise !


And you didn't even quote Feldman accurately you imbicle.

And you don't question why the non union employees will collect less while the union workers will get their full benefits guaranted? Your own quote by Feldman is proof that some workers get less while others aren't cut......but you don't ask why is that ? I will give you the answer: BECAUSE THOSE WORKERS WEREN'T UNION ! HENCE OBAMA OFFICIALS PUNISH NON UNION WORKERS WHILE REWARDING UNION THUGS.

You shouldn't even attempt to post in this forum; you are childish.......

As a result of the Delphi Corporation bankruptcy, for example, Delphi and the Pension Benefit Guaranty Corporation were forced to terminate Delphi’s pension plans, which means there are Delphi retirees who unfortunately will collect less than their full pension benefits,” Former Treasury official Matthew Feldman testified on July 11, 2012 Originally Posted by CJ7

Your fucking proof is a mis-quote from a former Treasury official ?

You are a joke....why do you believe Feldman ?? The email trail says otherwise !


And you didn't even quote Feldman accurately you imbicle.

And you don't question why the non union employees will collect less while the union workers will get their full benefits guaranted? Your own quote by Feldman is proof that some workers get less while others aren't cut......but you don't ask why is that ? I will give you the answer: BECAUSE THOSE WORKERS WEREN'T UNION ! HENCE OBAMA OFFICIALS PUNISH NON UNION WORKERS WHILE REWARDING UNION THUGS.

You shouldn't even attempt to post in this forum; you are childish....... Originally Posted by Whirlaway

did Delphi file for bankruptcy or not?

employees will collect their pensions just not their full pension benefits

the end

I am fixin to get my money out before he fucks me out of mine too.

The unionized Delphi workers will not have their pensions cut but the non union employees will....in your world view I guess you think that is ok.

CBJ4.5 is a UNION pussy GAYRONTIED...

So Mitt going to fix that first thing, right!!??

do I need to debunk that bullshit again whirlie?


sure I do


Delphi is a parts company owned by GM .. you know what happened to GM in 08 ... so goes Delphi .. only GM didnt include Delphi in their bailout $$ and Delphi went down the tubes....


As a result of the Delphi Corporation bankruptcy, for example, Delphi and the Pension Benefit Guaranty Corporation were forced to terminate Delphi’s pension plans, which means there are Delphi retirees who unfortunately will collect less than their full pension benefits,” Former Treasury official Matthew Feldman testified on July 11, 2012 Originally Posted by CJ7

It was the Treasury dept under Geithner who terminated the non-union pensions.

from what I understand, PBGC was to attend a meeting with Treasury officials on the Delphi Corp. pensions. PBGC were told not to come to the meeting. The decision to not to fund the non-union delphi employes rested with the Treasury dept, not PBGC. PBGC was required by law to attend such meeting as they are the Guarantor of pensions.

Under 29 U.S.C. §1342, the PBGC is the only government entity that is legally empowered to initiate termination of a pension or make any official movements toward doing so. only the union pensions were protected.

this thing was political with apparent animosity towards non-union delphi employees