How non-union workers at GM lost their pensions


Barack Obama made sure that only the pensions of union members were saved.

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.

At a Wednesday hearing, the House Oversight Committee’s Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending started pushing the Treasury Department for answers on the effects of the bailout and on how much of a role the department played in picking winners and losers.

The key point of the Wednesday hearing was to show that the Obama administration advised GM on how to eliminate the Delphi workers’ pensions. The evidence suggests Geithner’s team played a significant role in that process, despite claims to the contrary.

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Well isn’t this situation that ultra-conservatives want–creating a situation beneficial to business at any cost. Or, are they just against Unions for being the tool of negotiation between the employer and the worker–pardon me for using such a Marxist word (worker)–but it’s still part of the English language, or maybe I should substitute a more conservative-correct word like ’employee’.

Don’t forget, Union arose in a period when the free market was abundant and many employees lived in shacks, ate trash, and 10 year old children worked in factories. If the free market economy hadn’t enjoyed this situation, Unions probably wouldn’t exist.