A private venture company purchase of Chrysler automobile has set off a storm of anger from the Big Labor Bosses and their benefactors in Congress, who are now threatening to regulate private equity funds in the hope it will lead to more unionization, according to Investment News.
Working with the Service Employees International Union (SEIU) is House Financial Services Committee Chairman Barney Frank, D-Mass., who “made clear at a hearing held by his committee May 16 that he is looking at unspecified legislation to regulate private-equity funds more stringently.”
Frank said his committee is focusing on whether there is such a pattern of reorganization and restructuring of companies by equity funds in order to make the companies profitable. He would look at possible changes to the law that “could have [an] effect on policies involving unionization [and] taxation.”
SEIU is not the only union player pushing for taxation and regulation of this investment vehicle. “The AFL-CIO in Washington recently asked the SEC to require Blackstone, a private-equity and hedge fund group, to register as a mutual fund in light of the company’s offering its shares as a publicly traded limited partnership.”
If the workers won’t join unions voluntarily, union officials just need to ask Congress for help.
Thanks to the Committee's election-year program, union-label candidates like Sen. Jon Tester (Mont.) are being given a choice: pledge to change course and support Right to Work going forward, or face the potential political consequences.
Biden judicial nominee Nicole Berner has a track record of mindlessly repeating union bosses’ anti-Right to Work diatribes and defending their schemes to profit at the expense of the disabled.
A recent poll conducted by SurveyUSA, a national pollster rated “A” by polling aggregation site FiveThirtyEight, reveals Michiganders of all backgrounds strongly oppose overturning the state’s Right to Work law.