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Not for the little guy
Michelle Malkin describes the pensions scandal that Barack Obama won’t talk about (LINK).
Poor management probably deserves a lot of the blame for the union decline, but the exact causes are a mystery. An even bigger mystery is that the unions do a far better job with funds created for their officers and employees than for mere workers. The SEIU Affiliates, Officers and Employees Pension Plan—which covers the staff and bosses at its locals—was funded as of 2007 at 102.2%. The plan for the folks at SEIU international headquarters was funded at 84.8%.
Over at ACORN, the story is even worse
Stephanie Strom, in an October 22, 2008 report in the New York Times, stated ACORN Fund, a health care benefits fund, “had advanced ‘a large amount of money’” to ACORN and “it appeared that the money was used to cover ‘the cash shortfall caused by the embezzlement.’”
When we hear terms like “greed” and “fairness” from our President, you can bet that he is attacking someone while ignoring the sins of his friends. This kind of duplicity is what makes voters cynical…the thing Barack Obama campaigned against.
