Posted by Edward Ring at 7:18 am on Jun 08, 2016 Comments Off on Populist Candidates Still Ignore Government Unions
Nearly every objection that supporters of presidential
candidates Trump and Sanders raise to the establishment are
intimately associated with government unions. But neither the
people’s voice, or that voice as it is reflected back to them by
their populist heroes, articulates this fact.
(1) Do you want to reform Wall Street?
You’ll have to go through the government unions. Their union
controlled pension funds are the biggest players on Wall Street.
The union controlled cities that issue hundreds of billions in
municipal bonds every year are a close second. Government unions
benefit from the financialization of the American economy, even as
it has wiped out the middle class. Low interest loans elevate
prices for homes, which stimulates borrowing and consumer spending,
which enriches corporations and the pension funds who invest in
their stocks. High home prices raise property tax revenues. Low
interest loans mean families can borrow more for college tuition –
so unionized professors can continue to make six figure salaries
for teaching a few hours a week, a few months a year.
(2) Do you want to restore reasonableness
to… Read More