Posted on 09/19/2010 6:54:12 AM PDT by bestintxas
The election cycles of 2006 and 2008 cost the labor unions many, many millions of dollars to get all those liberal Democrats elected and reelected to Congress and the presidency.
Where did those bribe bucks come from? Were they in some union slush fund? Do you suppose that all those bribes came out of the pension fund money that the suckers, er, members paid into for retirement benefits? It is becoming common knowledge that the various union pension funds may not be there when Joe or Jane ‘lunch pail’ retires.
That is why the union bosses are banging on the doors of all of the liberal Democrats’ looking for payback; payback in the form of “stimulus” or “bailout” tax dollars for getting them elected plus unfair legislation that would take away the secret ballot when union strong-arm tactics are needed to increase membership numbers.
Now if the truth were really known, those libs would most likely have been elected and reelected without all those bribe bucks being paid out given the anti-establishment atmosphere and animosity against the incumbent Republicans at that time.
Strangely enough, this attitude of the public against the GOP office holders was principally due to the simple fact that the Republicans had been acting like liberal Democrats and growing government in antithesis to the normal practices of that Party.
(Excerpt) Read more at canadafreepress.com ...
Why not just make the Democrats give it back?
Does the author have anything remotely resembling proof that the union bosses raided pension funds to finance political activies? I don’t see it in the article. Pension funds are pretty heavily regulated.
Bingo
They have nothing to give, they use tax dollars for their means.
Make deals with con-artists and you're out of luck.
“Does the author have anything remotely resembling proof that the union bosses raided pension funds to finance political activies?”
Yes, I had the same question.
Its time to CLAWBACK the funds given to the Unions by the Govt !!!
Doesn’t mean you can’t try. Expose the whole thing. Have a special prosecutor. Testimony. Make the DNC agree to a payment plan.
When trillions of dollars, more money in one place than anywhere else in the world, is flowing into a centralized pocket, the handling agents are going to be corrupted.
The solution IS to cut the money flowing into their pockets. The Federal Government of the United States could be cut 40 to 60%, and the taxpaying citizen would still be served by more local, accessible, efficient, and accountable responsibilities, i.e. State, County, Community, Family, Individual. Forty to fifty percent of all the decisions and regulations originating in the federal government could, and should, originate at the local level.
We are dealing with an extraordinary ugly cabal, globally connected, that has NO interest in protecting the interests of the responsible US citizen. It's called Leftism. How obvious has that become?
Hence the Tea Party.
Johnny Suntrade, the Suntrade Institute
” Pension funds are pretty heavily regulated.”
By whom?
Fannie and Freddy were also very heavily regulated.
Who does a particular dollar bill belong to> If it belongs to everyone then it belongs to no one. It is a legal concept called “standing”. Until standing exists all of the regulations, overview, audits, hot air mean nothing because there can be no penalty for using the money on something.
Proof of statement comes from the annual raiding of the “Social Security Trust Fund” by Congress Critters since the 1960’s. The trust fund has more I.O.U.s than anything else in spite of it being over 75 years old.
When these piles of money first started there was no way to establish individual ownership. But, today with the existence of computers and SSNs it is all too easy to establish individual accounts linked to a person who has “standing” both in and out of the courts.
Why don't our federal, state, local, and union leaders do this? Because if they ever did so the actions of their predecessors, and quite probably themselves, could not longer be hidden by moving one orphan dollar from pile “A” to pile “B” just before the outside auditor shows up to count the money.
Fannie and Freddie were lightly regulated by a toothless regulator, the Office of Federal Housing Enterprise Oversight (OFHEO) that was part of HUD, which was forcing Fannie and Freddie to make risky loans to meet affordable lending goals. OFHEO should have been independent and should have had greater authority. Fannie and Freddie had a tiny capital base, as required by Congress. They didn’t even have to file with the SEC.
As long as it comes out of their own personal wealth or all the money they may have embezzled.
Ok - look at it this way....
The auto union’s pension funds were underfunded - we know that. Obumble et al took over GM and Chrysler and gave the auto unions billions to cover their legacy costs.
The union could have used the money extorted from union members to fund their retirement obligations but NOOOOOOO.
The unions funnel mega bucks to those politicians-both dem and rep- that will promote or, at least, not impede thuggish tactics like card check.
Doesn’t matter what specific fund the bribe money comes from. Fact is unions got paid back by the gov’t with our tax dollars in return for supporting every crap union sucking politician in washington.
The union pension funds will remain underfunded and criminal union use of member dues will continue. The $hit will hit the fan when the underfunding becomes too much for accounting shenanigans to hide AND an honest congress calls BS on any further backdoor bailout.
We can hope right?
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