At Glenn Beck’s TheBlaze.com — “AFL-CIO Head Calls for ‘Popular Control Over Private Corporations’”:
Building for the future, he (Richard Trumka) said, “we need to fundamentally restructure our economy and re-establish popular control over the private corporations which have distorted our economy and hijacked our government. That’s a long-term job, but one we should start now.”
It comes straight from the AFL-CIO Now Blog.
The most obvious point to make is that most of the “private corporations” he is criticizing are “publicly held” — that is, they are owned directly through individually purchased shares or indirectly through mutual funds by millions of Americans, young and old, rich and not-so-rich. Though they are heavily regulated by the Securities and Exchange Commission, companies such as these whose stocks are publicly traded are already in a very real sense “popularly controlled.” The fact that shareholders don’t exercise their right to have a say in how companies are run very often is a separate issue, but it’s there to use if they wish to use it.
I’m thinking that Trumka is advocating going further than “merely” getting the government’s boot more firmly on the necks of publicly-held companies. Given that Koch Industries, which truly is privately held, has made it to the top tier of Barack Obama’s enemies list, Trumka’s “fundamental restructuring” may be about exercising “popular control” over entities such as these.
“Popular control” in leftist parlance normally means “government ownership” — which, in Trumka’s world, might imply that once a private entity reaches a certain size, the government can demand to become a “partner.”
If this seems like a stretch, look at the “small business loan” legislation that just passed. The law requires that participating lenders accept “government capital investment” (i.e., partial government ownership) as a precondition of participating in these loan programs.
One fundamental difference between the U.S. labor movement and those found in the rest of the world was the basic understanding here that free-market capitalism works, with the only open questions relating to whether or not companies were appropriately paying the help and treating them fairly.
Trumka’s statement would indicate that the labor movement’s leadership has now moved firmly into the leftists’ May Day, “workers of the world unite” camp. George Meany and Lane Kirkland are spinning in their graves.
From AP — Add Russ Feingold to the list of key Dems who don’t want to be seen with President Obama:
Democratic Party Chairman Timothy Kaine says he sees no slight in Wisconsin Democratic Sen. Russ Feingold skipping a campaign rally tonight where President Barack Obama is appearing on his behalf.
At CNS News:
Just seven days after he sparked controversy by omitting the word “Creator” when he closely paraphrased the passage from the Declaration of Independence that says all men “are endowed by their Creator with certain inalienable rights,” President Barack Obama again omitted the Creator when speaking about the “inalienable rights” that “everybody is endowed with.”
This is the kind of “cute,” in-your-face crap immature, defiant punks engage in — which is why my description of Obama’s term as the Punk Presidency has remained appropriate since the day it was first coined. It would be a barely tolerable sideshow if it weren’t for the fact that the Punk Presidency has, as Michael Barone has frequently noted, come with the actions of a Gangster Government.
Birds of a Feather (HT Mark Hemingway):
President Mahmoud Ahmadinejad’s six nights in New York featured a secret sit-down with militant minister Louis Farrakhan, heckling in a hotel bar, and a fear of being rubbed out that bordered on paranoia.
The president shared a hush-hush meal with Farrakhan and members of the New Black Panther Party Tuesday at the Warwick Hotel on West 54th Street.
The meeting of the podium smackers took place in a banquet room, where the fiery leaders presumably exchanged theories on what’s wrong with the world.
To get a handle on what’s wrong with the world, all they had to do is look at each other.
“Obama Presses for Longer School Years” — I might be receptive to the idea if a) it doesn’t come with a 9% pay raise, which the teachers’ unions will expect for going from roughly 180 to 196 days, and b) the extra days are devoted to academics instead of garbage like Arne Duncan’s “sustainable economy” brainwashing:
On Tuesday, the conferees were addressed by US Secretary of Education Arne Duncan who stated that the Department of Education had “been mostly absent from the movement to educate our children to be stewards of our environment” and had not “been doing enough in the sustainability movement.” But the Secretary further stated, “I promise you that we will be a committed partner in the national effort to build a more environmentally literate and responsible society.” The Secretary went on to speak to the issue of the central role educators must play in promoting a culture of change in our schools and in our communities. “President Obama has made clean, renewable energy a priority because, as he says, it’s the best way to ‘truly transform our economy, to protect our security, and save our planet.’”
Until the extra days are dedicated to genuine learning, they shouldn’t waste everybody’s time. That’s not going to happen any time soon.
Through the first eleven months of the fiscal year, the Department of Education has spent $81.6 billion this year, up from $50.3 billion the previous year — and that’s before digging into what looks to be some unusual accounting. During August $9.24 billion in actual spending was nearly offset by $8.57 billion in “Proprietary Receipts From the Public,” leaving total “spending” for the month at $667 million. Huh?