Sunday, August 7, 2011

Of course! Private emails detail Obama admin involvement in cutting non-union worker pensions post-GM bailout

In 2009, there was this dishonest headline over at The Detroit News: White House has 'no desire' to run GM. Yeah right. There was also untruth in the actual article: 'The Obama administration has "no desire to run an auto company on a day-to-day basis," despite a GM restructuring plan that would give the Treasury Department a majority stake in the company.' I called bs on that claim: "How is holding more than half the company stock not indicative of control? In addition, if in fact the government had no desire to run the auto company, what's with the "day-to-day basis" suffix? Doesn't that by itself change the meaning of the statement? It indicates to me that the government just wants to make the big global decisions (make more hybrids, smaller cars, yada, yada) and leave the day-to-day operations to the company. In essence, they would be the brain handing out directions to the peons that would then have to simply carry out orders. ."More evidence of that came to light this August: Top auto supplier CEO: Government too focused on electric vehicles, "ignoring" other technologies. And then the bombshell from Obama's own car czar: Obama's former car czar: Obama "seemed to have it in for the automakers from the beginning". Here's the crux of what I asserted in 2009 - that Obama indeed thought of GM as his own personal toy company making cars at his bidding (it is, after all, all about him):
...the car czar notes that the president seemed to have it in for the automakers from the beginning.

At his first substantive sit-down with his advisers a week after the election, when the U.S. auto industry's problems were broached, Obama quipped:

"Why can't they make a Corolla?"

Later, when Obama was informed of the plan to give ousted GM Chief Rick Wagoner $7.1 million, his jaw muscles tightened and Rattner writes: "Suddenly I felt that I was indeed in the presence of a community organizer..."
Anyone need more evidence that we are being ruled by a regime under the control of our community organizer-in-chief?But wait - it gets even worse now. From The Daily Caller: Private emails detail Obama admin involvement in cutting non-union worker pensions post-GM bailout
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.
In other words, Obama lied. Again. It's become his MO.
These messages reveal that Treasury officials were involved in decision-making that led to more than 20,000 non-union workers losing their pensions.

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.
Picking winners and losers - something liberals salivate over having the power to do.
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.

In 2009 congressional testimony, senior Obama administration official Ron Bloom said the president told the Treasury Department to stay out of the management of these companies and downplayed any administration intervention.

...But the emails TheDC obtained show high-ranking Treasury Department officials, including Matthew Feldman of Treasury’s Auto Task Force, corresponding with senior GM officials on how to make certain decisions regarding who was going to win and who was going to lose.
It's like a game of Sims to the liberal ruling class. They can't help but to get involved and take control. More from Michelle MalkinPajamas Media, Nice Deb, Hot Air and Weasel Zippers

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