Geitner behind ending pensions for non-union Delphi workers

There never was a story about Iranian born Valerie Jarrett that I can pass by,whose father-in-law was head of communist youth The story really isn’t about her, but this is about this petty corrupt administration playing Chicago style politics from day one. While Obama and oh so many rave about the success of the auto bailout, not one comment about the Delphi employees who lost their jobs, and the non-union retirees that lost their pensions, Add all of the crony auto dealers who managed to survive the cut in dealerships and we have a story that never made the list of a worthy story worth the print. But here we go:

Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions was posted on Tuesday by the Daily Caller show senior White House and Treasury officials were behind the termination of pensions for 20,000 non-union Delphi salaried retirees.Those emails show that the Treasury Department, led by Secretary Timothy Geithner, was the driving force behind terminating those pensions — a move made in 2009 while the Obama administration implemented its auto bailout plan. The emails contradict sworn testimony in which several Obama administration figures have consistently said that the decision to terminate the pensions came from the Pension Benefit Guaranty Corporation (PBGC). The PBGC is a federal agency that handles private sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.

Valerie has no comment on the matter.

Read more: Daily Caller

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