Warner Todd Huston
Contrary to claim, White House did control GM's daily business and cut workers pay?
By Warner Todd Huston
When Barack Obama threw millions of our tax dollars at General Motors to "save it," the administration claimed that it would not involve itself in the "day-to-day management" of the venerable car company. New emails obtained by The Daily Caller, however, casts doubt on this claim.
In fact, as Matthew Boyle reports, the emails "reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions."
It turns out that Treasurer Secretary Timothy Geithner pressured GM, widely derided as Government Motors, to cut the pensions for the salaried, non-union employees at Delphi, a company owned by GM.
You read that right. Obama and his cabinet members are responsible for stealing away the retirement benefits of employees.
Now, just think of this for a second. Isn't it the Democrats led by Obama that claim they are the champions of the workingman? Aren't they constantly claiming that they want to help workers get good benefits, good salaries, and good pensions?
Yet, here we have Obama and his minions slashing people's earned benefits? Here we have Obama eliminating people's retirement funds? What happened to all that "we care about the workers" business?
Ah, but we see... the workers in question weren't union workers. So, in truth Democrats don't care about workers. They only care about unions.
© Warner Todd Huston
June 24, 2011
When Barack Obama threw millions of our tax dollars at General Motors to "save it," the administration claimed that it would not involve itself in the "day-to-day management" of the venerable car company. New emails obtained by The Daily Caller, however, casts doubt on this claim.
In fact, as Matthew Boyle reports, the emails "reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions."
It turns out that Treasurer Secretary Timothy Geithner pressured GM, widely derided as Government Motors, to cut the pensions for the salaried, non-union employees at Delphi, a company owned by GM.
You read that right. Obama and his cabinet members are responsible for stealing away the retirement benefits of employees.
Now, just think of this for a second. Isn't it the Democrats led by Obama that claim they are the champions of the workingman? Aren't they constantly claiming that they want to help workers get good benefits, good salaries, and good pensions?
Yet, here we have Obama and his minions slashing people's earned benefits? Here we have Obama eliminating people's retirement funds? What happened to all that "we care about the workers" business?
Ah, but we see... the workers in question weren't union workers. So, in truth Democrats don't care about workers. They only care about unions.
© Warner Todd Huston
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