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These forgotten nonunion pensioners (who worked for the Delphi/GM auto parts company) lost all of their health and life insurance benefits. Hailing from the economically devastated Rust Belt — northeast Ohio, Michigan and neighboring states — the Delphi workers had devoted decades of their lives as secretaries, technicians, engineers and sales employees.
Some have watched up to 70 percent of their pensions vanish. They’ve banded together to seek justice in court and on Capitol Hill under the banner of the Delphi Salaried Retiree Association.
Through two costly years of litigation and investigation, the Delphi workers have exposed how the stacked White House Auto Task Force schemed with union bosses to “cherry pick” (one Obama official’s own words) which financial obligations the new Government Motors company would assume and which they would abandon based on their political expedience. Obama’s own former auto czar Steve Rattner admitted in his recent memoir that “attacking the union’s sacred cow” could “jeopardize” the auto bailout deal.
Ohio Republican Rep. Michael Turner last month called attention to the glaring conflicts of interest that entangled Obama moneyman Tim Geithner’s multiple meddling roles in screwing over the Delphi workers. Geithner served simultaneously as co-chair of the Auto Task Force, board member of the Pension Benefit Guaranty Corporation (the federal agency overseeing pension payments to bankrupt companies) and Treasury Secretary. The General Accounting Office raised eyebrows at Geithner’s “multiple roles” in the deal-making.
Thanks to a separate Freedom of Information Act request filed by the Competitive Enterprise Institute, we already know that Geithner’s department and General Motors closely coordinated their PR strategy and collaborated on making fraudulent claims about GM repaying all of its government loans. The cash-strapped Delphi retirees are suing the transparency-ducking PBGC in federal court to unearth documents that may yield key details of the improper Obama administration influence over Delphi’s bankruptcy organization.
As ebullient UAW officials hooted and hollered on Tuesday, Obama smugly attacked Republicans for “anti-worker policies” and their “same old you’re-on-your-own philosophy.” The Delphi workers know better: One union’s government-subsidized, government-manipulated “success story” is the rest of the workforce’s nightmare.
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