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 Obamas proposed bank fee this year.
Envisioned as a tax on big banks to help recoup the governments 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.
Were 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 unions 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 ...
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.
I thought the tarp money was all paid back with interest. This is called extorsion!
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.
I wonder how many Unions have their own Credit Unions that will be exempt?
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.
My thought also. The unions have heavy Soros connections in addition to most frequent White House visitor.
Unions good - banks bad. Got it.
How about The Amish?
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.
I wonder if the union literature mentions who will ultimately wind up paying this tax?
Or do all union members have credit unions now?
I read in one recent article that SEIU gave $1 million to the Coakley campaign.
Goose
Golden egg
Greedy unions
You get the picture
file along with “Water is Wet” and “Sun Comes Up in the East”
It’s time to come up with a new name for that holiday that traditionally marks the end of summer.
That would be the Mafia.
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.
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.
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.
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