Boehner hits Obama on auto bailout pensions

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"A report by the nonpartisan GAO made it evident that unions were given preferential treatment during the taxpayer-funded bailout while non-union workers saw their pensions cut by up to 70 percent," Boehner continued. "And new documents that have been uncovered raise even more questions. The administration should stop stonewalling and start turning over all of the information requested by Congress at once.  If the White House is going to boast about its auto bailout, it has an obligation to explain its involvement in the pension scandal to Delphi workers, their families, and taxpayers."

As the presidential race has focused increasingly on Ohio, Obama has hammered Romney for a 2008 op-ed he wrote in the New York Times that was titled "Let Detroit Go Bankrupt."

Romney has pushed back against the attacks by arguing that he was in favor of a "managed bankruptcy" for the auto industries. But Obama has said only the federal government had enough money during the economic panic of 2008 to float the car companies' loans.

Boehner said the debate obscures the point about government's role in the American economy.

“The Delphi pension scandal underscores the danger of government bureaucrats picking winners and losers in the private sector," he said.  "That’s why Republicans have focused on getting our economy moving by getting government out of the way and removing barriers — like the president’s small business tax hike — that make it harder to create jobs. The American people need a president who will do the same.”


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