red states rule
06-01-2010, 05:19 AM
Unions have hundreds of billons to elect Obama, and support Dems in the upcoming elections - but they no money to fund their own pensions?
They expect the US tapayers to fund their pensions for them?
What is wrong with this picture?
It has become clear that the president and those in the majority in Congress have sorely misjudged the ire of the American people. Waving that anger away as racism, ignorance or just plain "anti-incumbent" sentiment, they fail to realize that at the core, Americans have grown incredibly angry over the way their money is being spent. One thought the president might have gotten the message, declaring that the era of bailouts was over. And yet, as in so many other instances when the Democrats have said one thing and done just the opposite, the United States' labor unions can expect a reported $165 billion to ensure they are able to meet the demands of their struggling pension funds. It's safe to say that when Mr. Obama says there will be no more bailouts, the American people can expect a bailout.
The best we can say about this is that it is terrible public policy - enshrining years of bad pension management coupled with an entitlement policy founded on idiotic assumptions. At its worst, it is outrageous - a bald-faced payback for the years of Big Labor's fealty to the Democratic Party machine, a machine that operates against the best interests of rank-and-file union members by creating policies that have eviscerated the U.S. manufacturing sector and driven jobs overseas.
What's more, there's reason to suspect that at least some of that money will be spent by the unions to make sure their candidates in office - the ones who support union causes and issues - remain in office.
This speculation is supported by the fact that at least two major unions reportedly are gearing up to spend $100 million to re-elect congressional members currently seated, despite reports that the American public is losing faith in the direction they're going with economic recovery. Both the American Federation of State, County and Municipal Employees (AFSCME) and the Service Employees International Union (SEIU) have pledged to spend millions for Democratic incumbency protection. The AFL-CIO also is planning to help Democratic candidates retain their seats but has not divulged the amount it plans to spend.
http://www.washingtontimes.com/news/2010/may/31/democratic-party-plans-union-payoff/
They expect the US tapayers to fund their pensions for them?
What is wrong with this picture?
It has become clear that the president and those in the majority in Congress have sorely misjudged the ire of the American people. Waving that anger away as racism, ignorance or just plain "anti-incumbent" sentiment, they fail to realize that at the core, Americans have grown incredibly angry over the way their money is being spent. One thought the president might have gotten the message, declaring that the era of bailouts was over. And yet, as in so many other instances when the Democrats have said one thing and done just the opposite, the United States' labor unions can expect a reported $165 billion to ensure they are able to meet the demands of their struggling pension funds. It's safe to say that when Mr. Obama says there will be no more bailouts, the American people can expect a bailout.
The best we can say about this is that it is terrible public policy - enshrining years of bad pension management coupled with an entitlement policy founded on idiotic assumptions. At its worst, it is outrageous - a bald-faced payback for the years of Big Labor's fealty to the Democratic Party machine, a machine that operates against the best interests of rank-and-file union members by creating policies that have eviscerated the U.S. manufacturing sector and driven jobs overseas.
What's more, there's reason to suspect that at least some of that money will be spent by the unions to make sure their candidates in office - the ones who support union causes and issues - remain in office.
This speculation is supported by the fact that at least two major unions reportedly are gearing up to spend $100 million to re-elect congressional members currently seated, despite reports that the American public is losing faith in the direction they're going with economic recovery. Both the American Federation of State, County and Municipal Employees (AFSCME) and the Service Employees International Union (SEIU) have pledged to spend millions for Democratic incumbency protection. The AFL-CIO also is planning to help Democratic candidates retain their seats but has not divulged the amount it plans to spend.
http://www.washingtontimes.com/news/2010/may/31/democratic-party-plans-union-payoff/