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PrintFebruary 28, 2010
Unions Toll Bell for Card Check
The unions are receiving very poor returns on their major ($400 million) investment in Obama, the AP reports. No chance at the card check legislation they wanted and only a slim chance at passage of the health care legislation they endorsed.
Thomas Lifson adds:
The unions may not be getting everything they want, but the SEIU certainly has reaped many billions of dollars in benefits for state, county and municipal public employees whose jobs were subsidized by Stimulus money. They continued to reap their higher than private sector wages, with health care, retirement, and other expensive benefits that few other Americans enjoy. The same holds true for the UAW, whose members had many of their health care benefits protected in the General Motors and Chrysler bailouts. Bondholders in those companies received the back of the hand from Obama.
Billions in exchange for hundreds of millions is not such a shabby return.
