Monday, June 29, 2009

Congressmen Demand Full Disclosure On Plan for Delphi Pensions


"Angry salaried retirees protesting Delphi Corps plan to dump responsibility for their pensions on the Pension Benefit Guaranty Corp. are gaining the support of political leaders.

The representatives state their concern with the inequitable decision to default the Delphi Corp.s salaried retiree pension plan to the Pension Benefit Guarantee [sic] Corp., while General Motors agreed to assume the auto parts suppliers hourly retiree pension obligations, and ask that Geithner direct the Auto Task Force to make public all documents concerning how this decision was reached."

Business Journal Daily story.

Let's see here. Unions support democrats with union member dues. UAW gets bailed out with taxpayer's money and salaried employees don't. Makes perfect sense in a democrat run Treasury department with a Socialist President.

Congressman Charlie Wilson's and others "demand" for full disclosure is humorous. They know exactly why the too groups are treated differently.

Don't ever let anyone tell you democrats are against discrimination.

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