Obama’s Vulture Socialism: The Delphi Case

(Wait, what, Obama cut out 20,000 people’s pensions… Because they weren’t union members?   – promoted by Rob “EaBo Clipper” Eno)

The Obama camp has been making some really outrageous claims about Mitt Romney’s business record including this low blow:   http://politicalticker.blogs.c…  Romney’s a vulture capitalist, or so they claim.  

Were I involved with the Romney campaign, I’d be doing some research on Obama’s record as vulture socialist.  White collar workers at Delphi Automotive are hopping mad at Barack Obama and Timothy Geithner for illegally stripping them of their pensions today’s Daily Caller reports:  http://dailycaller.com/2012/08…

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 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.

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.

These charges, if substantiated by the e-mails, are truly damning and on many levels.  First, illegally terminating the pensions of the white collar workers is far worse than anything that Bain Capital may have done.  There are no allegations that I am aware of that Bain Capital ever did anything illegal.  But Geithner/Obama gave these workers the shaft for the indiscretion of not being a member of a Democratic Party client group.  And it shows that Geithner and other officials in the Obama Administration lied under oath-committed perjury-in the process.  

The emails TheDC has obtained show that the Treasury Department, not the independent PBGC, was running the show.  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.

Perhaps someone from the Romney campaign should contact the Delphi Salaried Retirees Association.  http://www.delphisalariedretir…  here is some coverage of their protest against their treatment by Geithner/Obama:  http://www.delphisalariedretir…  

There are far more white collar than blue collar workers in America today.  The treatment of the Delphi workers should provide fair warning of what Obama thinks of white collar and professional workers that don’t happen to be in a public employee’s union.  

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