yet another ‘industry’ ripe for an OBailout

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June 11, 2009 by juniorannex

Its a good news bad news sort of story – of free spending big labour suddenly falling on hard times following substantial spending during the 2008 US presidential elections.  Coincidentally the new administration slashes funding to the very department charged with enforcing disclosure of union election spending.   

The WSJ carries a story today [print edition – europe]  about the hard times which have befallen two large Union organisations, the SEIU and AFL-CIO.  According to the story, the Service Employees International Union (SEIU) ..”spent a fortune to elect Barack Obama“, but sadly have found themselves indebted to the tune of $2.3mil.  Meanwhile the AFL-CIO carries liabilities ‘equal to more than 80% of its $189mil (!) in assets. 

I tried to hold back the tears, but was laughing too hard.

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Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron'scruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. C.S. Lewis

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