Obama and Treasury defend decision to terminate pensions!
WASHINGTON (PNN) - August 9, 2012 - The Government Accountability Office (GAO) conceded on Wednesday that its December 2011 report covering Delphi employee pension plans affected by the General Motors bailout relied on incomplete information.
A GAO director said her agency did not have emails showing that the Fascist Police States of Amerika Treasury Department, led by Timothy Geithner, was the driving force behind the termination of 20,000 salaried Delphi retirees’ pensions in 2009.
“In short, we do not believe we reviewed those emails; they aren’t in our records. They are not among the PBGC internal records we reviewed,” said Managing Director of Education, Workforce and Income Security Issues Barbara Bovbjerg in an email.
The PBGC is the Pension Benefit Guaranty Corporation, an independent agency tasked with insuring the availability of benefits promised under private pension plans.
However, despite GAO’s affirmation that its report is incomplete, the Treasury Department has cited it in the regime’s defense. Obama’s re-election campaign has also claimed the GAO report exonerates the bogus regime, likely because of the brewing scandal’s potential to become politically disastrous for the illegitimate president in November.