Archive of posts tagged timothy geithner

Obama Administration Union Cronyism: 20,000 Non-Union Delphi Pensions Terminated by Democrats While Union Pensions Increased

Obama Administration Union Cronyism: 20,000 Non-Union Delphi Pensions Terminated by Democrats While Union Pensions Increased

Obama Administration Union Cronyism: 20,000 Non-Union Delphi Pensions Terminated by Democrats While Union Pensions Increased

The Obama administration has always played favorites with the Unions, but it’s shocking to see how non-union employees are mistreated by Obama’s goons.

The Obama administration actually terminated the pensions of 20,000 non-union pensioners during the Government Motors takeover, while the pensions were increased for pensioners who were members of the United Auto Workers union.

The corruption and crimes of this administration seem to be never-ending, and the unbelievable crap that the Obama administration has been caught pulling on the American People, and not been thrown out of office on his skinny ass is an amazement as well to many.

Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.

The

…

...Continue Reading Obama Administration Union Cronyism: 20,000 Non-Union Delphi Pensions Terminated by Democrats While Union Pensions Increased

Obama Raises National Debt Over $15 Trillion

Obama has increased US debt to over $15 trillion

Obama has increased US debt to over $15 trillion

Thanks to the Obama administration’s out-of-control overspending, and dangerous liberal policies, the United States’ National Debt has now passed the $15 trillion mark!

Many people will try and say that President Bush is the reason for our out of control national debt, but the Obama administration has already spent more of our money, in one term than, President Bush spent in two terms.

When will the American People stand up to Obama and make him stop the payoffs and paybacks to his political friends and supporters?

The Financial Report of the United States, which applies corporate-style accrual accounting methods to Washington, showed the government’s liabilities exceeded assets by $14.785 trillion. That compared with a $13.473 trillion gap a year earlier.

However, the government’s net operating cost, or deficit, in the report dropped to $1.313 trillion for the year ended September 30 from $2.080 trillion the prior year, largely reflecting a drop in expected future payments under government pension programs.

“Restoring fiscal $1.313 trillion sustainability will require substantial additional changes, including tax

…

...Continue Reading Obama Raises National Debt Over $15 Trillion