The Rich Are Different. They Have Jobs
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Goldman Sachs, one of the Wall Street firms that got the H1N1 flu shot well ahead of millions of America’s school children, sent this health tip in a memo to its pampered, out-of-touch execs: “Resist the urge to open your own car door; let your driver do it.”
Yo, Jeeves. While you’re at it, dust around the edges of those massive CEO pay packages. Because according to a report released today by the Government Accountability Office (GAO), top executives at four companies that jettisoned their employee pension plans received $49.5 million in retirement and severance benefits in the years before the companies filed for bankruptcy, while retirees saw their benefits cut by as much as two-thirds.
Yet Wall Street bankers are making that cash flow keeps coming: Yesterday, writes David Dayen, Senate Republicans bowed low before their corporate masters and delayed a move by Sen. Chris Dodd (D-Conn.) to immediately take up a bill that would freeze all credit card rates, charges and fee increases.
Trumka to Launch Jobs Initiative Tomorrow
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Tomorrow morning, AFL-CIO President Richard Trumka will announce a major new initiative to create and save jobs.
(Watch the live webcast at www.aflcio.org/createjobs starting at 9 a.m.)
Trumka will be part of a noted panel in “Spotlight on the Jobs Crisis” at the Economic Policy Institute (EPI).
With unemployment at its highest rate in more than 20 years, Trumka says America needs bold, quick action to put people back to work, in addition to longer term, structural fixes for our economy. The AFL-CIO initiative he announces will include calls to extend help for the unemployed, rebuild the nation’s infrastructure, provide aid to struggling states and communities, create federally funded community-based jobs and increase lending to small and medium-sized businesses to spur job creation.
Obama Signs Unemployment Insurance Extension
Long-term jobless workers finally have some relief, with President Barack Obama signing legislation today to provide up to 20 extra weeks of unemployment insurance (UI) benefits for workers who exhaust their benefits before finding new work. The bill had been held up for almost six weeks as Senate Republicans blocked several attempts to bring it to a vote.
Obama’s signature came just hours after it was announced the nation’s unemployment rate had soared to 10.2 percent in October, from 9.8 percent in September.
The legislation provides an additional 14 weeks of benefits to unemployed workers in all states and an additional six weeks for jobless workers in states with an unemployment rate of 8.5 percent or higher.
More Concerns Emerge for Christie as New Jersey Election Approaches
In six days, New Jersey residents head to the polls to vote for governor—and former Bush political appointee Chris Christie is at the center of yet another scandal. The Star-Ledger reports that near the end of his tenure as a Bush-appointed U.S. attorney, Christie defied requests of his co-workers and hired a political crony’s son as an assistant U.S. attorney.
It’s the latest in a list of allegations that Christie misused his office as U.S. Attorney, through potential violations of spending limits on travel and hotels, deferred prosecution agreements, the use of his position to get out of driving violations, a questionable loan to an employee who may have given aid to his political campaign and planning his run for governor with Bush political operative Karl Rove while still serving as U.S. attorney.
New Mine Safety Chief: The Change We Needed
Today, the U.S. Senate confirmed Joe Main—by unanimous consent—as the new leader of the U.S. Mine Safety and Health Administration (MSHA).
Main is a longtime advocate for safety and health in the mining industry. He worked 22 years as director of Occupational Health and Safety for the Mine Workers (UMWA). That’s a huge change from the Bush-era head of MSHA, coal-industry lobbyist Richard Stickler, who came under fire for failure to enforce mining safety laws.
Shameless: Christie Ad Features Obama—Even Though Obama Supports Corzine
The New Jersey governor’s race is just two weeks away, and President Barack Obama is in the state today to support Gov. Jon Corzine for re-election.
So why is his challenger, Chris Christie, releasing a Web video that’s basically a minute and a half of Obama speaking, accompanied by pictures of people with Christie signs?
Christie must be desperate to make voters think Obama is supporting him to distract from voters’ real concerns: New Jersey working families increasingly are questioning his stands on key issues like women’s health care, his ethics and his support of George W. Bush.
As blogger Josh Marshall puts it, “the facts are now campaigning against him.”
State and Local Bodies: The Heart of the Union Movement
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Today’s theme at the 2009 AFL-CIO Convention is “The Power of Many,” and in support of a strong movement across the country, members approved a resolution to step up involvement with state federations and central labor councils.
Resolution 8 encourages leadership development and training, attention to diversity, alliances with community organizations, accountability and transparency at the state and local levels, as well as the continued pursuit of solidarity charters to keep all unions engaged and unified in pursuit of a pro-worker agenda.
AFL-CIO Executive Vice President Arlene Holt Baker said everyone in the union movement benefits from the strength of state and local bodies:
Today we’ll discuss the power of many at the grassroots level—what it means to us and how we make the most of it.
One of the unique and most powerful advantages of the AFL-CIO is that we have a presence in every state and in more than 500 communities across our country—nobody can match that…at the grassroots, there may be no more important work than this.
Obama: We Need Strong Unions for a Strong Economy
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| President Obama greets convention delegates, including Alliance for Retired Americans President Barbara Easterling. | |
President Barack Obama had a strong, inspiring message for delegates to the 2009 AFL-CIO Convention: We’re going to make this country work again.
In a speech punctuated by chants and standing ovations, Obama said he’s committed to the same goals as the union movement: restoring the economy, getting health care for everyone and passing the Employee Free Choice Act:
“These are the reforms I’m proposing. These are the reforms labor has been championing. These are the reforms the American people need. And these are the reforms I intend to sign into law.
“Quality, affordable health insurance. A world-class education. Good jobs that pay well and can’t be outsourced. A strong labor movement. That’s how we’ll lift up hardworking families. That’s how we’ll grow our middle class. That’s how we’ll put opportunity within reach in the United States of America.”
Throughout, the enthusiastic crowd gave him multiple standing ovations—when one woman shouted “I love you,” he responded: “I love you, too, sister.” In turn, Obama showed he understands the needs of working people and the unions that represent them:
“When labor succeeds—that’s when our middle class succeeds. And when our middle class succeeds—that’s when the United States of America succeeds.”
Live Coverage of President Obama
Seth Michaels is posting live from the 2009 AFL-CIO Convention.
It’s an exciting day today: President Barack Obama is speaking at the AFL-CIO Convention.
We’re lucky to have a friend of working families in the White House—one who has already signed into law historic legislation to create jobs, protect equal pay and provide health care to millions of children. And it’s an honor to have him come to Pittsburgh to speak before our convention on the issues facing our country.
We’ll be covering his speech live right here.
Union Political Mobilization Has Turned Around America
Four years ago, an anti-worker majority in Congress and the Bush administration were conducting a corporate-funded assault on workers and the programs that supported America. They were implementing policies that steered the economy toward the very wealthiest and leaving everyone else behind. What a difference four years makes. Now in the White House, we have Barack Obama, the first African American president and a supporter of unions and working families and pro-worker majorities in both houses of Congress.
Today, at the AFL-CIO Convention, attendees got a chance to examine the successes of union political mobilization and look forward to continuing the fight to elect pro-worker candidates and passing a pro-worker legislative agenda. Delegates adopted a strong resolution in support of continuing an active political program.
