On Aug. 7, TheDC published internal PBGC emails showing senior White House and Treasury officials were behind the pension terminations. Those emails demonstrate that Geithner and his Treasury Department were the driving force, and contradict sworn testimony in which several Obama administration figures have said that the decision to terminate the pensions came from the PBGC. (RELATED: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions)
The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.
Federal law requires that PBGC is the only government entity that may initiate termination of a pension or move toward doing so.
On Wednesday, TheDC published more emails indicating that those same senior Obama officials’ actions enriched their former firms and possibly themselves in the Delphi deal. (RELATED: Emails: Obama officials enriched former firms, possibly themselves with auto bailout)
The omission of pension guarantees is not the only platform embarrassment Democrats have suffered this week. Conservative Republicans mocked the Democratic Party when its platform was released Monday night because it omitted all mentions of “God” and failed to recognize Jerusalem as the legitimate capital of Israel.
NBC News was first to report Wednesday afternoon that the Democratic National Convention will re-insert its 2008 platform language on Jerusalem, which read: ”Jerusalem is and will remain the capital of Israel. The parties have agreed that Jerusalem is a matter for final status negotiations. It should remain an undivided city accessible to people of all faiths.”
