Shareholder activists often seek to promote a broad leftist
ideological agenda, often in concert with other left-liberal
constituencies, as the new Blue-Green
Alliance makes clear.
With several major American companies struggling to manage with
legacy costs, of which pensions form a significant part, the last
thing the nation’s economy needs is for more companies to become
burdened with such costs. As EFCA supporters promise better pay
and benefits for workers if the legislation is passed, workers
themselves should consider what EFCA would really deliver.
You can’t get better pay and benefits when jobs disappear.
Aaron| 4.15.09 @ 7:01AM
I have become even more concerned about EFCA recently. Many people think that its in retreat, but there is way too much money behind it. This animal is far from dead or even limping for that matter.
Just how much cash does it take to bring a smile to the face of a teeter-tottering politician? We may not know how much, but we will certainly know who teetered and who tottered.
Becky| 4.15.09 @ 8:22AM
This administration and congress has sure made me realize how vulnerable a free society is to being hijacked.
The fragmentation of ideas make it harder to piece together the puzzle in a easy to see story for the citizen who has taken for granted our way of life, or adapted slowly to more government intervention.
Last year, I was heading into my local secretary of state office with some business, and was approached by a nice looking young man who was soliciting people to sign a petition to limit government. I was in a hurry, others were signing up also. I check into the Mackinac Center's website regularly, and was horrified to discover I signed a petition crafted by union folks intending to re-do the constitution, specifically eliminating judgeships that were in Republican control. An intern at the MC discovered the plan, and it did not go through.
I guess even liberals can use the "limited government" idea, if limited government means only a limited few are allowed to govern.
Skippy| 4.15.09 @ 8:38AM
By Steven A. Holmes
The New York Times
September 30, 1999
In a move that could help increase home-ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
"Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements," said Franklin D. Raines,
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Clean your mess off the keyboard, booger eater.
Jay| 4.15.09 @ 10:57AM
Let's see...... Nationalize the banking industry; nationalize the financial industry; nationalize the auto industry; eliminate elections for a broad segment of society; supress religion; sue to supress free speech ( Hilary: the movie which portrays her in a true light is being supressed by the attorney general who doesn't want it released); open relations with Cuba; kowtow to Muslim kings; go to Europe with high hopes because America is "nice" again - come home with zip, nada, zilch; make nice with North Korea and Iran and get kicked in the proverbial scrotum.
That's the scorecard. President Obama has pretty much destroyed most of our Constitutional freedoms or is well on the way to doing so. And will now be able import experts on supression of a people from his friend Fidel. I remember a man I knew who fled Nicaragua after the communist takeover ( successfully battled by Ronald Reagan) whom I asked: "why flee now? You had Somoza, a dictator and now you have the communists. What is the difference? "
Raoul told me: "Somoza controlled what you did and said in public. The communists control that and what you are allowed to think in your most private soul."
Foriegn affairs? Failed miserably at every turn and opened the US to insult and ridicule by his submissive approach to our enemies. Beward the Chamberlain syndrome: Peace in our time is not necessarily a good thing. It gives dictators time to develop their weapons.
The USA as it was founded is now dead. Killed by radical leftists who seek total power over each of us. Since it is no longer a Judeo-Christian nation it is unlikely that it will be resurrected.
Pingback| 4.15.09 @ 11:45AM
ABC Member Educates Bloggers | thetruthaboutefca.com | The Truth About The Employee F links to this page. Here’s an excerpt:
David Ulrich | 4.15.09 @ 3:21PM
Aaron asks how much money is involved.
Over the last few election cycles unions have contributed ~$650M in campaign contributions, with 92% going to the Democrats.
EFCA is the unions' payback demand for their political investment.
Every 1% increase in union representation yields $500,000,000 in new dues contributions.
EFCA is the attempted replay of the original Wagner implementation during the last depression. The union - Democratic alliance created 60 years of Federal Government control for the Democratic Party. Republicans would only regain control of both the House and Senate for one term. (1947-1948)
If you are interested in learning more about the history of that relationship you may be interested in a whitepaper I've written. EFCA: Historical Perspective - Current Implications!
http://www.annulrich.com/theboldfactorhr/pdf/efca-researchpaper.pdf
Pingback| 4.16.09 @ 9:18AM
North Carolina’s Union Movement » Press Clips April 16, 2009 links to this page. Here’s an excerpt:
Paul Crowley| 4.16.09 @ 9:18AM
=>"A Good Time to Start Liquidating" [Ivan Osorio]
For some, maybe.
Comeon.
Most everything has been taken away, or in the last stages of being taken away, and this should help clear away the last. . .
When one takes everything away, then one can choose what to give back later (a few crumbs are surely affordable?). . .
From the perspective of the federal government departments of Defense & State), the large multi-national corporations, and ‘public oversight’ (large NGOs), what’s not to like?
If it’s ‘made’ to go through (and the members of the “popular classes” must do this for themselves, of course), then it:
Effectively kills the hated Secret Ballot, once and for all (once hated by authority; now being taught to be hated by the peonage);
Sheds the last vestiges of pension obligations;
Wipes the old (pre-1998) understanding of Benefits from the public consciousness of the less-than-little people;
Institutionalizes the newly-defined Defined Benefits;
Further develops the American “Human Resources:” By facilitating the formation of the new ‘E. Pluribus Unim’ (and is this not needed?), toughening up the whiners (putting some steel back into the backbones of the less-than-little people, by making them think that they took the crumbs tossed back to them themselves), provides the workforce necessary for the newly modernized industries and operators & grunts for the modernized military.
If a few of the last vestiges of little people, small company owners, go under, then 'all the better;' it's just 'icing on the cake,' no?
EFCA is a start, especially if it’s not Just Given Away.
Holding it up by Filibuster will help, thereby, forcing the less-than-little people of the Popular Classes to get up and Fight, Fight, Fight (Singh, Hernandez, Olumba, Nguen, O'Leary, McPherson & Smith, males & females, all united in "Solidarity Forever, 'Cause the Union Makes Us Strong").
It’s now possible!
Thanks to the vote of Fightin’ Arlen, cast before tossin’ his hat into the ring”’ so he can get to fightin’ to sustain the pretense of fightin’ for a chance at his 6th term, divide the repubs and 'grease the skids' for the democrat. His rhetoric of fightin’ the Big Guys on behalf of the little guys, oughtta help rouse the rabble (who, when not merely whining, are only sullenly clingin’ to their ‘guns & bibles,’ or demanding days off for observance of their Buddhist, Hindu, animist, or voodoo, religions; “My god! Diversity run Amok!). . . Specter’s role is obviously ‘complex’ (as in “nuanced,” as in logically-contradictory, and, so VERY confusing), but since it’s not as if he’s actually trying to win a 6th term, the "nuanced" part should help it all work out (and, “ ‘all’s well that ends well,’ Ya Know?”).
A good labor movement is just what is needed if the country is moving toward another general war.
The Wagner Act of 1935, among a good bit else, did wonders to prepare the American “Human Resources” for the last one.
Paul Crowley| 4.16.09 @ 9:23AM
=>“you may be interested in a whitepaper I've written. EFCA: Historical Perspective - Current Implications!” [David Ulrich]
Uh oh. Sounds skeery; better not read it before bedtime, I guess?
Paul Crowley| 4.16.09 @ 9:50AM
Ooops.
Very important
A good labor movement is the perfect means to provide the medium, now lacking, to instruct and form the less-than-little people of the Popular Classes in the new re-formed ethics (‘where else would they want to go?’).
Party Time is over.
Time to clean ‘em up and install some semblance of dignity into them. Teach ‘em how to behave, shut down the ‘sounds-like-happy-hour-by-7 p.m. stuff at the nurses’ stations in the reformed hospitals especially 1991-present), and teach all of these people that neither donuts, nor other such graft, should be necessary To Do Their Job (where did they Ever get such ideas in the first place?).
In short: A good labor movement is just what is needed to institutionalize all of the changes and gains implemented during the Bush-Clinton-Bush-Obama administrations, and re-form the dirtied members of the Popular Classes.
Pingback| 4.17.09 @ 8:08AM
Shopfloor » Blog Archive » Card Check: About those Union Pension Funds links to this page. Here’s an excerpt:
Pingback| 5.29.09 @ 2:02PM
The AFL-CIO’s “Creative Accounting” | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 6.15.09 @ 5:06PM
Motoring around the World on Motor City Workers’ Dime | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 7.10.09 @ 3:25PM
Adding Insult to Auto Dealers’ Injury | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 7.13.09 @ 5:56PM
Reason’s Shikha Dalmia on EFCA’s Binding Arbitration Provision | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 7.17.09 @ 3:29PM
Union Pension Fund Bailout Taking on a New Form | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 7.21.09 @ 10:46AM
NRO on EFCA’s Binding Arbitration Provision | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 7.27.09 @ 4:30PM
The Wall Street Journal on the Union Pension Debacle | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 9.4.09 @ 6:32PM
Happy Labor Day! | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 9.5.09 @ 1:39AM
Happy Labor Day! | OpenMarket.org – CelebrityTwitterGossip.com links to this page. Here’s an excerpt:
Lingerie | 9.11.09 @ 2:28AM
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Pingback| 12.29.09 @ 5:38PM
Say No to EFCA in 2010 | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 2.22.10 @ 1:07PM
Myths about Labor Myths | OpenMarket.org links to this page. Here’s an excerpt: