Unions In Debt

Wall Street Journal ^ | 6/10/2009 | Wall Street Journal

[Pru]

'We spent a fortune to elect Barack Obama," declared Andy Stern last month, and the president of the Service Employees International Union wasn't exaggerating. The SEIU and AFL-CIO have been spending so much on politics that they're going deeply into debt.

[Pru]

Could we be so lucky as to have the unions go bankrupt? I guess we knoiw why the heavy push for card check.

[Redcitizen]

Unions as a whole tend to kill the golden goose.

[EGPWS]

'We spent a fortune to elect Barack Obama,"

Yeah you Fumb Duckers mismanaged other peoples money!

Typical of a liberal.

[philsfan24]

the unions are too big to fail. they must be bailed out.

[JPG]

The Union of Soviet Socialist Republics was huge and it failed.

[ncfool]

We did bail them out. We gave them Chrysler!

[stefanbatory]

and they were dumb enough to take it...

[anniegetyourgun]

A ploy to raise dues.

[jpatt]

What have Unions got for their money? The biggest share of GM & Chrysler right behind the govt. BO says “We will not be running these auto companies.” Who will then? The Unions will.

[Cicero]

I expect buyer’s remorse from some of the rich jerks who donated to Obama, but I also expect that the unions will get their money back—from us taxpayers.

[bitterohiogunclinger]

“I expect buyer’s remorse from some of the rich jerks who donated to Obama, but I also expect that the unions will get their money back—from us taxpayers.”
I expect they already have been given their money back. We taxpayers are picking up the tab for the Unions bankrupt retirement and retiree health benefits. And if Obama goes ahead with nationalizing health-care, that will end up as pure windfall for the unions.

[mrmargaritaville]

the UAW will never survive driving Chrysler and GM onto the rocks. I’m almost glad to see them taking an ownership stake-because neither company will be around in 10 years and the VEBA committments will bankrupt them.

[FormerACLUmember]

A lot of union dues are also stolen by the crooked unaccountable leadership.

But the REAL STORY (totally unreported in the “state media,” as Rush now correctly calls it) is the massive destruction of union retirement funds by the democrat party’s war on Wall street and capitalism.

[kcvl]

and they were dumb enough to take it...

Exactly! They don't have a clue what to do with it since all those 'rich white guys' were forced out!

I guess they had better be careful what they wish for from now on.

[ocr1]

ping

[biff]

Correcto Moondo, they will change to a bank and it will be called “UAW Bank & Loan”. Then they can get a few billion of TARP monies.

[FormerACLUmember]

Big, big memo to the unions who put the Obamination into power (You ain't seen nothing yet!):