Obama, Pelosi, and Reid risk nation's fiscal health to payback Big Labor Bosses
President Obama (D-IL), House Speaker Pelosi (D-CA), and Senate Leader Reid (D-NV) are risking the nation’s fiscal health to payback Big Labor Bosses for forced-union-dues financed political campaign operations. Michael Barone in the Washington Examiner:
Starting around 1980, the country began to revive. Big Government lowered taxes and deregulated transportation and communications. Entrepreneurs and investors replaced stodgy corporate management with new companies and new products.
The conformist “organization man” Americans of the 1950s were replaced by nonconformist innovators, risk-takers and creators who created a new economy that central planners could never have envisioned. Bill Gates and Steve Jobs didn’t wait for those at the top of Big Units to tell them what to do.
Big Business changed: The Fortune 500 list of 2010 doesn’t look anything like that of 1970. … Most union members today are public employees.
The Obama Democrats, faced with a grave economic crisis, responded with policies appropriate to the Big Unit America that was disappearing during the president’s childhood.
Their financial policy has been to freeze the big banks into place. Their industrial policy was to preserve as much as they could of General Motors and Chrysler for the benefit of the United Auto Workers. Their health care policy was designed to benefit Big Pharma and other big players. Their housing policy has been to try to maintain existing prices. Their macroeconomic economic policy was to increase the size and scope of existing government agencies to what looks to be the bursting point.
What we see is Big Government colluding with Big Business and trying to breathe life into Big Labor.