Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Unions get behind Obama bank fee
The Hill ^ | 01/20/10 | Kevin Bogardus

Posted on 01/21/2010 7:48:49 AM PST by opentalk

The labor movement plans to lend its considerable weight to help pass President Barack Obama’s proposed bank fee this year.

Envisioned as a tax on big banks to help recoup the government’s losses from the 2008 bailout of Wall Street, the proposal has attracted labor support. Unions see the tax as a part of a broader agenda for financial regulatory reform.

Several union officials told The Hill they plan to make the fee a part of their campaign platform when deciding which candidates to support for the 2010 midterm elections.

“We’re already campaigning all over the country about banks,” said Stephen Lerner, director of the financial reform project for the Services Employees International Union (SEIU).

On Tuesday, AFL-CIO President Richard Trumka said the bank fee should be part of the larger push to reform the financial sector.

...The AFL-CIO has already started to include the proposed bank fee in its literature to union supporters.

The union’s community-organizing affiliate, Working America, has begun an online campaign to win support for the new tax alongside a consumer financial protection agency.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: aflcio; banking; bho44; biglabor; bustseiu; bustunions; corruption; democrats; economy; liberalfascism; obama; obamabrownshirts; richardtrumka; seiu; seiubrownshirts; seiucorruption; soros; stephenlerner; taxes; union; unioncorruption; unions; workingamerica
Navigation: use the links below to view more comments.
first 1-2021-27 next last

1 posted on 01/21/2010 7:48:49 AM PST by opentalk
[ Post Reply | Private Reply | View Replies]

To: opentalk

Cleaning House one bit of trash at a time — First, Massachusetts; next, the unions thinking THEY control America; next, Barbara Boxer, etc.

The list is long, but one by one they are OUT.


2 posted on 01/21/2010 7:53:50 AM PST by bboop (We don't need no stinkin' VAT)
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk
Envisioned as a tax on big banks to help recoup the government’s losses from the 2008 bailout of Wall Street

I thought the tarp money was all paid back with interest. This is called extorsion!

3 posted on 01/21/2010 7:54:03 AM PST by ThomasMore (Patrick Henry and Joe Wilson...Patriots past and present!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk
Must be that they have an exemption from any new fees the banks impose, sort of like healthcare.

These union leaders are nothing but stooges and lackeys and will do Zero bidding when called.

If you take anything away from the Brown win it's that the union rank and file are less enthusiastic when it comes to Zero.

4 posted on 01/21/2010 7:54:28 AM PST by Recon Dad ( USMC SSgt Patrick O - 3rd Afghanistan Deployment - Day 93)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Recon Dad

I wonder how many Unions have their own Credit Unions that will be exempt?


5 posted on 01/21/2010 7:56:14 AM PST by massgopguy (I owe everything to George Bailey)
[ Post Reply | Private Reply | To 4 | View Replies]

To: opentalk

I think we are seeing the genesis of obama’s domestic security force.

If banks must be taxed, let’s start with the ones holding union pension funds.


6 posted on 01/21/2010 7:56:29 AM PST by silverleaf (In college George Bush got C's - Obama probably failed "lunch")
[ Post Reply | Private Reply | To 1 | View Replies]

To: bboop
unions thinking THEY control America

My thought also. The unions have heavy Soros connections in addition to most frequent White House visitor.

7 posted on 01/21/2010 7:57:26 AM PST by opentalk
[ Post Reply | Private Reply | To 2 | View Replies]

To: opentalk

Unions good - banks bad. Got it.


8 posted on 01/21/2010 7:58:31 AM PST by Graybeard58 ("0bama's not just stupid; He’s Jimmy Carter stupid”. - Don Imus)
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk

How about The Amish?


9 posted on 01/21/2010 8:00:08 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Puppage

Warren Buffet is Pissed at this Bank fee. I am for Union Credit Union fees and those who have not paid back. Oh most of those are Unions, GM and Chrysler.


10 posted on 01/21/2010 8:02:41 AM PST by scooby321
[ Post Reply | Private Reply | To 9 | View Replies]

To: opentalk

I wonder if the union literature mentions who will ultimately wind up paying this tax?

Or do all union members have credit unions now?


11 posted on 01/21/2010 8:07:24 AM PST by <1/1,000,000th%
[ Post Reply | Private Reply | To 1 | View Replies]

To: Recon Dad
These union leaders are nothing but stooges and lackeys and will do Zero bidding when called.

I read in one recent article that SEIU gave $1 million to the Coakley campaign.

12 posted on 01/21/2010 8:07:40 AM PST by opentalk
[ Post Reply | Private Reply | To 4 | View Replies]

To: opentalk

Goose

Golden egg

Greedy unions

You get the picture


13 posted on 01/21/2010 8:14:32 AM PST by Touch Not the Cat
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk

file along with “Water is Wet” and “Sun Comes Up in the East”


14 posted on 01/21/2010 8:15:50 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk

It’s time to come up with a new name for that holiday that traditionally marks the end of summer.


15 posted on 01/21/2010 8:18:12 AM PST by cynwoody
[ Post Reply | Private Reply | To 1 | View Replies]

To: opentalk
Just like shoving it down a toilet.
16 posted on 01/21/2010 8:20:56 AM PST by Recon Dad ( USMC SSgt Patrick O - 3rd Afghanistan Deployment - Day 93)
[ Post Reply | Private Reply | To 12 | View Replies]

To: silverleaf
If banks must be taxed, let’s start with the ones holding union pension funds.

That would be the Mafia.

17 posted on 01/21/2010 8:20:58 AM PST by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 6 | View Replies]

To: opentalk

The banks are probably complicit.Any “tax” on banks will be passed on to the customers.
It’s just another way to levee a tax on the poor.


18 posted on 01/21/2010 8:21:03 AM PST by philetus (Keep doing what you always do and you'll keep getting what you always get.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: philetus
From the article:

The banking industry is lobbying strongly against the new tax, arguing that it is a threat to the economic recovery.

-The big banks are considering challenging President Obama's proposed tax on very large banks and financial institutions in court as unconstitutional.(Newsweek)

Agree, the fee will be passed on.

19 posted on 01/21/2010 8:31:54 AM PST by opentalk
[ Post Reply | Private Reply | To 18 | View Replies]

To: opentalk

Dumb & Dumber-

How many businesses have ever been formed or continued without assistance at one time or another from a bank?

A client who is a suddenly slow pay==you have not got the funds to pay Friday’s payroll. Enter a temporary loan from the bank so your UNION members paychecks don’t bounce.

The indoctrination of union members nationwide is so mind-numbing that I cannot describe my experiences in the 5 different unions I was forced to be in when I was youngeer.

I couldn’t get out of unions fast enough, and once out, never went back. Went self-employed instead, and resolutely refused to expand my business and take on employees so I could serve more clients. Don’t regret it at all. Don’t miss unions at all.


20 posted on 01/21/2010 8:43:33 AM PST by ridesthemiles
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-27 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson