Saturday, October 30, 2010

Unions going all out for Bennett, Manchin to get pension bailout

Big Labor is pouring money into two Democratic U.S. Senate races, attempting to secure a union pension bailout during a lame duck session of Congress.

As previously reported on HUMAN EVENTS, new Federal Accounting Standards Board rules set to take effect on Dec. 15 threaten to shake up unions and the businesses entangled in multi-employer union pension plans that have been mismanaged and underfunded well before the 2008 financial upheaval. The economic downturn has only exacerbated the problem.

Recent reports show hundreds of thousands of dollars in union cash pouring into races for Democratic Senate candidates Michael Bennet and Joe Manchin. Both have publicly backed away from their support of the Employee Free Choice Act (EFCA), more commonly known as “card check,” which would, among other things, ban secret-ballot voting for workplace unionization.

Big Labor long ago warned it wouldn’t support any candidate who failed to toe the line. Yet the American Federation of State, County and Municipal Employees (AFSCME) has spent more than $1.2 million in Colorado alone attacking Bennet’s opponent Ken Buck.

Unions such as the Communications Workers of America and the United Mine Workers Union are also pouring hundreds of thousands of dollars into the Manchin race in West Virginia.

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