Wednesday, August 08, 2012

Stolen pensions: Why mr. president?

Listen to the voices of the victims of Barack Obama's fairness. Watch and see for yourself how his union supporting policies have destroyed other segments of our society.


Barack Obama doesn't give a Tinker's Dam about you or your life, what you spent a lifetime working for or saving for. His interest lie singly in destroying this country and turning it into a third world spit like the dreams of his father and mentors have sought for a generation and more.

Go ahead, talk to the American people about fairness mr. president. Yes, lower case is fitting for the great barack obama because you have earned it. 

Decision to cut pensions 'political' decision

A series of emails between U.S. Treasury Department and Pension Benefit Guaranty Corp. employees show that the decision to effectively cut the pensions of Delphi salaried retirees “was a political decision, not a financial decision,” U.S. Rep. Mike Turner said Tuesday.
The 2009 decision stemmed from General Motors Corp.’s bankruptcy and affected the pensions of about 700 Dayton-area Delphi retirees. Some salaried retirees saw their pensions cut by as much as 70 percent, while hourly retirees represented by unions had their pensions made whole.
The emails, published Tuesday on the Daily Caller website, provide “additional impetus for future hearings and inquiries to require the administration to release documents,” said Turner, R-Centerville, a member of the U.S. House Committee on Oversight and Government Reform.
Turner said: “We now have evidence that the administration has not been telling the truth.”
The Obama campaign issued a statement Tuesday saying the Delphi pensions had been handled properly.
“Corporate bankruptcies are tragic, and often lead to the loss of pension benefits. But the fact is that the Pension Benefit Guaranty Corporation handled the Delphi salaried pension plan according to its standard procedure and the law. What’s more, the GAO, an independent, nonpartisan investigative agency, has determined that these decisions were not made by the administration and ... to politicize the situation at Delphi is insensitive,” said Jessica Kershaw, spokeswoman for Obama for America-Ohio.
U.S. Rep. Steve Austria, R-Beavercreek, said Tuesday the emails show “that this administration has placed itself in the position of picking winners and losers by using the federal Treasury and basing the decision upon political philosophy rather than fairness.”
“The truth is starting to emerge,” Washington Twp. resident Tom Rose told the Dayton Daily News Tuesday. Rose is a salaried Delphi retiree who spent 30 years working for GM and nine years working for Delphi.

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