Friday, October 05, 2012

He cares about the middle class

Tell that to non union Delphi pensioners...............

House Ways and Means Committee Chairman Dave Camp, R-MI, says a review of more than 5,000 executive branch documents strongly suggests that the administration hasn't been truthful with Congress about a key decision in President Obama's bailout of General Motors.

At the heart of the bailout was a decision that it would include GM "topping off" the pensions of non-salaried workers who were members of the United Auto Workers, but not those of salaried, non-union employees of the automakers former Delphi parts supplier. Nearly 20,000 of the salaried employees lost as much as 70 percent of their pensions as a result of that decision.

Obama administration officials claimed the decision was made entirely without input from either the White House or the Treasury Department. But the documents provided in response to Camp's August request appear to undercut the administration's claim. Among other things, according to Camp, the documents make clear that:

Read the rest..........

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