talked about it. they acknowledged it. i think there was even a web ad about it a couple of months ago. this is not a new story. i reported on it in september 2010 when the plight of these workers first came out. that the fighting litigation, fighting the white house on obstruction and a stone wall of information, on how exactly the treasury department and the auto task force co- lewded to pick winners and losers on the obligations they would choose to meet. and the nonunion delphi white collar workers were cut out of the deal. in some cases, the pensions were erode by up to 70%. tell their stories. there is now a web ad from freedom ring about some of their stories. but these are real people as opposed to the phony fable that has been spun by priorities usa. brian: what is your blood pressure right now? steve: a huge number. brian: i think so. once i have my coffee and my
on their statements they had nothing to do with our pensions but that is just in the true. they cite the gao report which didn t look into our pensions at all, and failed to mention the report that has already found that the treasury layed a role, the auto task force played a role in the pension loss if us. stuart: looking down the road do you think there is any hope you be made whole? any hope? guest: i think so. i believe we have a strong case. i think we will win in the court of law. but the judges said we really are not in a position for a political settlement. i hope we have that. the irony of this is, government money was used for the top offs for the hourly union employees. we have a solution that has been presented to the government that involves no government money,
union people who received the top offs to the pensions. it was totally unfair. totally at the discretion of the auto task force group. stuart: earlier today we had a guest showing government e-mails they had unearthed, they put them out there, and it seemed to show that the treasury had a direct hand in saying, no, you guys don t get it, the union does. it was the treasury that pulled the trigger, so to speak. what do you make of this? guest: well, we absolutely believe that and we have asserted that for a long time act, it is interesting, irs our know what one of the e-mails says and it mentioned pointedly, that the proposal obviously the treasury was putting forward was going to get rubber stamped by g.m. the treasury continues to stand
pension away. you never locked back and say, not only did i take it from me but from 20,000 other people and their families. stuart: chuck is a former worker. welcome to the program, sir. i have to ask personal questions. how much of your pension did you lose? guest: well, personally, i lost about 40 percent of my pension. stuart: how did it come down? how did you suddenly did you suddenly hear, you are out, out 40 percent? guest: well, it came down over a period of time during the bankruptcy. i, like so many others, i had assurances for a long time that our pensions would remain whole and when the g.m. bankruptcy started to occur and the auto task force came into play, it was, it became apparent that
they were going to pick winners and losers. stuart: would do you blame? guest: no doubt who is to blame. the auto task force was basically orchestrating every bit of the g.m. bankruptcy including our pension termination, the top offs to the unions. its with all being done by that group, the auto task force with concurrence from the administration. stuart: you were an executive, on the management side of things. the management people lost a third, maybe 40 percent of their pensions. the union said of things, they were made whole. they losting in. government money went to the unions is that the split? is that how it came down? guest: that is exactly the split. i might point out that i might have been in management, but most of the salary retirees were secretaries, clerks, engineers, they were not senior executives. they are regular working people who worked side by side with the