Emails show Timothy Geithner cutoff the pensions of non-union Delphi workers as part of the auto bailout
You may or may not remember this, but when the Obama regime bailed out the automakers industry 20,000 non-union retirees lost their rightfully earned pensions while all retired union members were allowed to keep what they rightfully earned during the course of their careers.
This, of course, is in direct contrast to what Barack Obama stated when he was running for the office he currently holds. During the 2008 campaign Barack Obama said not protecting a person’s pension was “not the America I believe in” and promised to protect the workers’ interests ahead of the interests of the bankers:
Right now, bankruptcy laws are more focused on protecting banks than protecting pensions,” Obama said then. “And, I don’t think that’s fair. It’s not the America I believe in. It’s time to stop cutting back the safety net for working people while we protect golden parachutes for the well-off. If you’ve worked hard and played by the rules, then you’ve earned your pension. If a company goes bankrupt, then workers need to be our top priority, not an afterthought
Apparently, although he didn’t say so, he was only talking about unionized workers and not all workers because the Obama regime made sure the Democrats’ largest special interest group was taken care of while the non-union workers lost what they earned and he did nothing to stop it. So much for earning your pension if you are not a member of Barack Obama’s prefered class of people.
But Barack Obama’s problem goes much deeper than yet another broken promise because several members of the Obama regime swore under oath that the regime had nothing to do with the decision to screw over the non-union employees, but newly released emails show this is simply not the case, and none other than tax cheat Timothy Geithner was directly involved:
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company
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.
Barack Obama and Timothy Geithner have tried to deflect the blame by claiming the Pension Benefit Guaranty Corporation was responsible for cutting the pensions of non-union employees but according to the above linked article the Obama regime was directly involved in this decision and some of them have lied under oath about it.
I have not seen the emails in question but that does not matter because, to paraphrase Harry Reid, the allegation is now out there and the burden of proof does not fall on the person making the allegation to prove the claim, the burden should fall on the person who is alleged of the crime and in this case that person is Timothy Geithner. If he does not prove his innocence it must be proof he is guilty.