Saturday, October 8, 2011

SEIU Editorial in WSJ almost convincing

Mary Kay Henry, president of the Service Employees International Union, writes an editorial in today's Wall Street Journal supporting the "Occupy Wall Street" protesters.  She makes many good points.
It's been three years since Wall Street CEOs crashed our economy. When Wall Street was on its knees, the American taxpayers came to their rescue with trillions of dollars in bailouts and promise from the big banks that they'd invest in our recovery.
One could argue if it was solely Wall Street CEOs that crashed the economy.  Whatever.  We did bail them out.  And we have received little in return.  They have returned to their bonuses and excesses.  They sit on hordes of cash and layoff workers.  I'm pissed at them.  I agree with David Brooks, neither of us a left-wing firebrand, that banks that are "too large to fail" should have been broken up during the bailout.  Instead they got even larger.

But she then digresses into bald-faced politics.
And this week House Speaker John Boehner and Majority Leader Eric Cantor again turned their backs on the American people by refusing to even bring the American Jobs Act up for a vote.
A fair-minded observer would also criticize Harry Reid who, two days ago, triggered a "nuclear option" to prevent a vote in the Senate on the American Jobs Act.  But SEIU can't criticize Democrats, cause they are in bed with them.

Ms. Henry argues that Congress should pass the American Jobs Act and put Americans back to work.
to keep teachers in our classrooms, police on the beat, health-care workers at our hospitals and clinics, and ensure that we have enough firefighters to protect our communities.
Fine.  If you are a teacher, health-care worker. etc.  Which happens to be pretty much what the SEIU represents. Taxing the rich to pay SEIU members will provide some job creation and provide some spark to the economy, but it is hardly a cure all for the private sector, and is certainly not a righteous stand by the president of their union.

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