Saturday, February 14, 2009
Shut Up, They Said
...The biggest bailout news this week wasn't the ritual shaming of bank CEOs Wednesday on Capitol Hill. The real political cudgels were wielded in a February 10 letter that Big Labor sent to Wall and K Streets: Any business that takes a bank rescue dollar must give up its rights to free political speech and free association.
Anna Burger, chair of the Change to Win federation, wrote that financial services firms and their trade group should "immediately cease all lobbying and advocacy" against "card check" legislation that would end the secret ballot in union elections. The letter was sent to Steve Bartlett, the head of the Financial Services Roundtable, with helpful copies to Congressman Barney Frank and Senator Christopher Dodd, who happen to have life or death power over the banks....
...But if Big Labor wants to limit speech, why stop at the bankers? The unions, including those that belong to Change to Win, get plenty of government money for their affiliates to run job training and other programs. For that matter, many employees of companies that have received bailout cash -- General Motors or Chrysler, say -- use some of their wages to pay union dues. The unions then use those dues to become major political players at election time -- to the tune of $450 million in the last election cycle, and that's the amount they admit to spending. If banks can't lobby against card check, the United Auto Workers ought to be banned from politics too...