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"RUSH: Well, look, you could argue that the same thing was tried in 2008.
CALLER: Yeah?
RUSH: What was that? We had a financial crisis, a run on banks, trying to dissolve debt, all this kind of stuff. They've tried this. There really is an insane, extreme left. Now, you have to wonder about this, though. Margaret, here's the thing. I know a lot of people want to take Lerner seriously and so forth. We generally don't chase kooks on this show. We don't normally chase kooks. We leave that to others. However, I think what these guys, these Lerners -- these people that believe in this -- you have to wonder how the rank-and-file of any union feel. California, the Teachers' Retirement System, the public employees retirement -- STRS and PERS -- SEIU, any union, public or private.
Where are their pensions invested? They're invested in Wall Street, which is what this guy claims he wants to destroy. So you have this disgruntled SEIU guy on the warpath here -- anti-capitalism, anti-everything else -- trying essentially, if he succeeds, to devalue every pension plan and every other investment vehicle for retirement, health care, pension, what have you of every union in this country. Is he aware of that? Is he aware of it and doesn't care? Their Cadillac pensions are gonna be destroyed right along with JP Morgan and anybody else they happen to destroy if they could pull it off."
Sounds crazy, but Huey Long proposed policies back in 1935 that were just as radical.
Glad Rush talked about this. Hope he gave Glen Beck credit for exposing the story. It is huge.
“Where are their pensions invested? They’re invested in Wall Street, which is what this guy claims he wants to destroy.”
I told you along time ago that they (Progressive Socialists)are coming after your retirement fund. They can not have control if that money is not in the government hands. Union pension funds are so far under water that they need massive government bailouts. A massive redistribution of wealth.
The Stephen Learner tapes: If Learner and company (SEIU, AFL-CIO or whoever)try to pull this off, would they be subject to MASSIVE CIVIL LAW SUITE as well as criminal action? So FREEPERS and Tea party members, record every move they make. Find out who gave them their marching orders and have fun doing it. A picture is worth a 1000 words. The pen is mightier than the sword.
There’s all sorts of crazy plans out there. However, few of them come from people who visit and talk to the President regularly, and have access to tens of millions of dollars in mandatory worker dues, supported by the government, to fund their schemes.