The revelation, says GOP Vice Presidential nominee Paul Ryan, should make Ohioans and others think twice about buying President Obama’s claim that he saved the American auto industry.
“You see, the president likes to go around Ohio talking about how he saved the auto industry, how the auto bailout was such a success,” said Ryan to an Ohio audience. “He hasn’t talked to these Ohio Delphi salaried employees. Because this is one of those examples of the government picking winners and losers.”
At issue is whether the federal agency tasked with handling private-sector benefits, the Pension Benefit Guaranty Corporation (PBGC), actively conspired with the Treasury Department to protect unionized employees while slashing the pensions of non-unionized Delphi retirees between 30 and 70 percent, as well as cutting healthcare, life insurance, and other benefits.
The Obama Administration originally pointed the finger at the PBGC, but new internal emails uncovered by the Daily Caller demonstrate clear coordination between the Obama Administration and those it now blames for gutting the pensions of 20,000 non-union employees. Specifically, a July 2009 document titled “Treasury Talking Points re: Delphi” was sent as an attachment to a July 7, 2009, email from PBGC’s Joseph House to Treasury’s Matthew Feldman, Oren Haker and Paul Nathanson.
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