New Study Shows Card Check Bill Will Seriously Damage U.S. Economy

Posted on: 2010-03-11 23:10:00
By: Yid with Lid

As reported exclusively on these pages last week, Union pension plans are in much worse shape than people feared. In fact, Moody’s September 2009 report measured 133 union pension plans. Out of the total 133 only 25 union pension plans are adequately funded, 43 of them are between 65-79% funded that classifies them as endangered. The remaining 65 union pension plans, one out of every two measured, are underfunded at a critical rate, less than 65%. For the full list click here.

The proposed card check bill, which will allow unions to dramatically increase their rolls by eliminating the secret ballot and replacing it with worker intimidation may be the only thing preventing union leaders from "A one-way ticket to Palookaville." That's why union leaders are ramping up the pressure on the Democrats, getting involved in the primaries trying to force them to listen despite the fact that card check will do terrible damage the the United States Economy.
Frustrated at seeing their legislative agenda stymied, unions are becoming increasingly active in competitive Democratic Senate primaries.
Across the country, labor groups are using their organizational muscle early against candidates whom they see as having walked away from their agenda.

By doing so, they’re exposing schisms between centrist and liberal Democratic lawmakers who have struggled to come through on the campaign promises made to union members. The Employee Free Choice Act (EFCA), healthcare reform and even a nominee to the little-known National Labor Relations Board have stalled in a Congress controlled by the largest majorities Democrats have enjoyed in a generation.

“We can’t get anything done for the people that we represent,” said Gerry McEntee, president of the American Federation of State, County and Municipal…

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