Document drop: Another federal investigation launched into Delphi Disaster
Here’s the latest update to my reporting on the Delphi disaster — the economic horror story Team Obama won’t tell.
As you know, the White House auto team and Treasury Department cut a backroom deal with the UAW to cover union workers’ pensions while shafting non-union salaried workers who were deemed politically expendable. The Delphi salaried workers have sued the feds and won their first court battle against the government, which sought to have the charges dismissed late last month. I noted last month that the TARP inspector general launched a probe into the feds’ actions.
Now, there will be a second probe by the General Accounting Office. As Den Black, head of the Delphi Salaried Retirees Association told me this morning: “Heat is being turned up.”
It’s about time.
Here are the GAO notification letters (pdf).
And an announcement via Mississippi GOP Sen. Roger Wicker’s office:
U.S. Senator Roger Wicker (R-Miss.) and U.S. House of Representatives Republican Leader John Boehner (R-Ohio) today thanked the Government Accountability Office (GAO) for agreeing to conduct an independent analysis of the administration’s treatment of union and non-union Delphi retirees. The GAO will coordinate their work with the Inspector General of the Troubled Asset Relief Program, who has also agreed to investigate the matter.
“Americans deserve to know how this administration used taxpayer dollars during the GM bankruptcy proceedings,” said Wicker. “I am glad the GAO has agreed to investigate this important issue so we can determine whether union members received preferential treatment on pension decisions. Delphi workers, retirees, and their families have waited long enough for a resolution to this matter.”
“I’m pleased that the GAO has taken up this investigation, and hope that they’ll succeed in getting a full explanation from GM and the Automotive Task Force regarding the special treatment of certain Delphi retirees,” Boehner said. “Was this yet another decision by the Obama administration to reward union bosses and liberal special interests? American taxpayers and Delphi’s salaried retirees deserve answers.”
Following the 2009 bankruptcy negotiations between Delphi Corporation, General Motors, and the Department of Treasury’s Automotive Task Force, many non-unionized Delphi workers received devastating cuts to their pension plans while unionized retirees were made whole. To date, GM has received more than $70 billion in taxpayer funding to sustain the company. Under the Obama administration, the federal government acquired a 60-percent ownership of GM as a result of the company’s bankruptcy proceedings. The United Auto Workers Union received a 17.5 percent ownership in the auto manufacturer. Wicker and Boehner expressed concern that not all Delphi retirees’ pension plans were treated equitably in the GM bankruptcy proceedings and have called on the administration to be more transparent about how pension decisions were made.
On August 9, 2010, Wicker and Boehner sent a letter to GAO Acting Comptroller General Gene Dodaro requesting an investigation of the Delphi pension plans.
In a letter dated October 4, 2010, GAO accepted the request and agreed to investigate the process by which Delphi pension plans were canceled while other plans were protected.
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GOSH!!! Could this be FAVORITISM by the Obama administration? I never would have thought such a thing could be possible. How on earth could this have happened from such a transparent bunch of truly honest people?
NNOOOOOOOOOOOOOTTTTTTT.
Somehow I don’t think much will come of this for Delphi. I sure hope I am wrong for the Delphi people. This is shades of your earlier post on the hc thing Michelle, some are more equal than others when it comes to this bho and team.
L
I predict that this is going to leave a bruise on someone… (Hey Obama, ya might want to extend that out of the country vacation, to you know, permanent status…)
Gene L. Dodaro was appointed to be head of the GAO on 9/22/10. How convenient.
An Obama appointee checking for impropriety by Obama…….. Oh ya like that will uncover anything.
Why do I feel like we are about to see some HUGE distraction come out of the administration in the coming days.
And u expected anything different from a chicago/crook/politician?
I don’t know what all the fuss is about. Some animals are more equal than others. Just ask the pig in the
White, uh Farmer’s House.Judge (Obowmao) Smails: You’ll get nothing, and like it!
Obowmao: Hi Ho Hi Ho, it’s off to Asia I go…
Still it would be the perfect start of a load of crap hitting the political fan.
Yes it would, and with what looks to be the biggest political blood bath in American history about to take place on Nov. 2nd I have a feeling that optimism is and should be the order of the day.
***
Good Job Michelle! The C**P really seems to be hitting the fan just before the Nov. 2 election.
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Comrade Obama (PBUH) and his ilk really have an impeccable sense of timing! These true October Surprises must really hurt.
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John Bibb
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Your cynicism is showing Flyoverman. I am sure Bambi and company will investigate this as vigorously as they did the Black Panther voter intimidation. If there is any integrity at the GAO will will see.
Holes rarely stay small, they only get bigger with time. Every shafted person in this country starts adding up and it, too, is going to grow to a a full break in the dam. That group should join the Tea Party movement.
GUILTY ! ! !
Now that the Democrats have shown us the rulebook and how to play the game of politics, I assume they will be good with America doing monumental cram downs and multiple felonies on them. Turnabout is fair play.
Every criminal act and political malfeasance the electorate was warned of concerning Obama and the Democrat party has come to pass. I am sure that even docile Independents would not mind a little payback, especially legitimate jailtime for the most egregious criminals over the last four years we have lived under Democrat control.
The corruption eruptions just keep coming.
Godspeed to those investigators, both GAO and the TARP IG. I don’t want them to get Vince Fosterized.
Obama at his next staff meeting: “Ok… who wants to take the hit for this?… Anybody? … Anybody? … Ok, Rahm, it looks like you will have to….. Oh crap, that’s right!”
I read the news today oh boy
Four thousand holes in Blackburn, Lancashire
And though the holes were rather small
They had to count them all
Now they know how many holes it takes to fill the Albert Hall.
I’d love to turn you on
Errah, Holes?? did you say holes??!!
Bawknee Fwank 2010?!!
I hope and pray that when these conniving, thieving, scum wads are thrown out of office, a real gov’t will replace them and pursue all legal action possible on each and everyone one of their corrupt deals.
They need to pay a price.
Blatant money laundering, theft from taxpayers, theft from stock holders, theft from retiree’s….
Take billions, give it to the UAW who helped you and members of your party get elected, stiff anyone you can on the deal so your thugs get a piece of the pie and you get control of the thugs, then said thugs suddenly are flush with millions to help you get elected.
ACORN and other left-wing groups pulling these stunts were just warm-ups for the left.
Will anything come of this rip-off?
I see Republicans going soft and letting the thieves off by allowing the taxpayers to make the non-salaried retiree’s whole.