DNC on Hook (Literally) to SEIU

DNC on Hook (Literally) to SEIU

[media-credit name=" " align="alignright" width="218"][/media-credit]The Free Beacon has discovered that the Democratic National Committee (DNC) owes at least $8 million to a bank owned by one of the largest unions in the country, according to the committee’s most recent financial report. The DNC initiated an $8 million loan with the Amalgamated Bank of New York on Aug. 10, the report shows, accounting for the majority of the committee’s overall debt of $11 million. Amalgamated Bank, often described as “America’s Labor Bank,” is a national entity, the majority of which is owned by the Service Employees International Union (SEIU), a politically active union with deep ties to the Democratic Party. The SEIU is also involved with the Democracy Alliance, a shadowy group of wealthy left-wing donors founded by billionaire investor George Soros. The bank announced in an August press release that the DNC had “moved its primary banking relationship” to Amalgamated Bank, which would handle the committee’s “day-to-day banking needs.” The DNC had previously done most of its banking with Bank of America, which helped finance the Democratic convention in Charlotte. DNC chairwoman Debbie Wasserman Schultz hailed the transition to Amalgamated Bank, and noted the longstanding political and financial ties between the two organizations.

Labor Day Statement: “Union Officials Are Mounting A Billion Dollar Campaign to Reelect President Barack Obama”

Forced-dues funded billion dollar machine enables union officials to wield immense political clout, even though voluntary union membership continues to steadily decline Washington, DC (August 31, 2012) – Mark Mix, President of the National Right to Work Legal Defense Foundation and National Right to Work Committee, released the following statement regarding this year’s Labor Day holiday. “This Labor Day, many workers will enjoy a well-deserved long weekend. But as we celebrate with friends and family, union officials are mounting a billion dollar campaign to reelect President Barack Obama and elect more pro-forced unionism allies in Congress. “Throughout the United States, tens of millions of American workers are already compelled to pay dues or fees to union officials as a condition of getting or keeping a job.  And millions more workers are required by law to accept a union’s so-called ‘representation,’ even if they would rather negotiate with their employer themselves on their own merits. “Recently, the National Institute For Labor Relations Research and Wall Street Journal independently reported that Big Labor spends about four times on politics and lobbying than what was previously thought.  This forced-dues funded billion dollar machine enables union officials to wield immense political clout, even though voluntary union membership continues to steadily decline.