The Daily Caller reports that emails obtained under FOIA show that these statements made under oath appear to be false--that the Treasury Department and the White House were actively involved in the decision, and in violation of federal law, the PBGC was not involved in the decision:
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.
Delphi, a General Motors company, is one of the world’s largest automotive parts manufacturers. Twenty thousand of its workers lost nearly their entire pensions when the government bailed out GM. At the same time, Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.
One of the biggest flaws in the design of our national government is that the President appoints the Attorney-General -- and thus, the chief law enforcement officer of the land owes his job to someone is responsible for enforcing the laws, and appoints other officials who may nor may not obey the law.
Read more: http://dailycaller.com/2012/08/07/emails-geithner-treasury-drove-cutoff-of-non-union-delphi-workers-pensions/#ixzz22tbz31y0
I would like to think that the 20,000 Delphi non-union retirees, and their relatives, would be a powerful set of votes against Obama in November, but I am sure that many of them have already rationalized why it okay to vote for someone who gave them a lethal financial blow, rather than vote for that rich guy Romney.