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WSLC
Reports Today
Updated
DAILY... Almost Every Day!™ by 9 a.m. Pacific
Links are functional at date
of posting, but sometimes expire.
WSLC Reports Today links to stories of interest to organized
labor;
some positive, some negative. The intention is to inform.
THURSDAY,
SEPTEMBER 25
Financial bailout
must benefit "Main St. as well as Wall St."
"The actions taken at this
perilous time must set the stage for a real recovery that benefits Main
Street as well as Wall Street," writes WSLC President Rick Bender.
"The last thing we should do is compound the enormous imbalances in our
economy with an enormously imbalanced rescue package, one that continues to
put working families dead last." Read more.
▪ In
today's LA Times -- Bush
issues direct appeal for support on bailout plan -- In
a prime-time address, Bush tries to convince a skeptical public and
rebellious Republicans that the government must use $700 billion of
taxpayers' money for the plan. Obama and McCain issue joint
statement: "Now is a time to come together -- Democrats and
Republicans -- in a spirit of cooperation for the sake of the American
people. The plan that has been submitted to Congress by the Bush
administration is flawed, but the effort to protect the American economy
must not fail."
▪ This
morning from AP -- Deal
said to be near on financial bailout
Machinists
strike: Day 20 -- More at www.iam751.org.
▪ In
today's Seattle P-I -- Strike
pay to kick in for Machinists -- Saturday's the first day that members
can receive strike pay -- $150 each. Checks will be handed out every
Saturday for as long as the strike lasts. Meanwhile, Boeing CEO Jim McNerney
says, "We're at a standstill now. We're unable to find the common
ground we need to have the discussion we need to have to solve the
problem."
▪ In
today's Everett Herald -- Labor
officials hear Machinists complaint against Boeing -- The union alleges
that Boeing engaged in an "unlawful secret strategy to avoid the union
and deal directly with employees," which is prohibited under federal
law. District 751 President Tom Wroblewski and hundreds of members are
testifying before the NLRB.
▪ In
today's Chicago Tribune -- Boeing
may face order cancellations due to faltering economy, strike
▪ In
today's Everett Herald -- Lost
money could go toward benefits (letter) --
I have a question for the Boeing Co.: If you are losing up to $100 million a
day, up to $1 billion at this point in the strike, why wouldn't you instead
put that huge amount of money toward health care, pensions, the rising cost
of gasoline and groceries, and other demands by the Machinists' union
members?
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More
on the Bailout for Big Business:

▪ In
today's NY Times -- Absence
of leadership (editorial) --
It took President Bush until Wednesday night to address the American people
about the nation’s financial crisis, and pretty much all he had to offer
was fear itself. There was no acknowledgement of the shocking failure of
government regulation, or that the country cannot afford more tax cuts for
the very wealthy and budget-busting wars, or that spending at least $700
billion of taxpayers’ money to bail out Wall Street and the banks should
be done carefully, transparently and with oversight by Congress and the
courts.
▪ In
today's Wash. Post -- Wall
Street's man in Washington (Meyerson column) --
In Paulson's plan, the American public pours at least $700 billion of its
money into purchasing the bad loans on Wall Street's books and gets -- the
thanks of a grateful Wall Street. Unlike the investments made by the people
of China, Kuwait, Singapore and Korea, Americans would get no equity in
return.
▪ In
today's Everett Herald -- Bailouts
help for needy woefully lacking -- The housing and consumer advocates
who predicted this crisis say the Bush administration's proposal fails to
deal with the root cause of the crisis -- families in foreclosure. Says one:
"Address the woes of Wall Street second. Bailing out the very firms
that caused this crisis in the first place would be an outrage."
▪ In
today's Seattle Times -- Republican
government-bashers line up for federal aid (Helen
Thomas column) --
What has happened to those conservative Republican leaders
whose mantra was "government is the problem -- not the solution"?
Tell that to the once-bloated financial giants now standing in line for
whopping government handouts to the tune of $700 billion. And who can forget
those who wanted to "get the government off our backs"? Their
silence now is deafening.
▪ In
today's NY Times -- As
homes are lost, fears that votes will be, too -- Officials struggle to
make sure that people who have lost their homes through foreclosure are not
disqualified at the polls. Some could be forced to vote with a provisional
ballot or challenged by partisan poll watchers, a particular concern among
Democrats who fear that poor voters will be targeted. That could add
confusion and stretch out lines that are already expected to be long.
McCain
Revealed:
▪ In
today's Wash. Post -- First
debate's fate unclear as Obama resists McCain's call to postpone --
After getting a call from President Bush, both will abandon the campaign
trail today for a White House meeting, as the financial crisis gripping the
nation roils the presidential race and leaves the first debate in limbo.
▪ In
today's Wash. Post -- Selfless
or reckless? McCain gambles on voters' verdict -- A gambler by nature,
the bet McCain placed Wednesday may be among the biggest of his political
life.
▪ In
today's Wash. Post -- McCain's
ploy (Meyerson column) -- Can
McCain pull this off -- persuading the public to forget how he and his
fellow Reagan Republicans changed the nation's economic rules in ways that
allowed Wall Street to run amok, and refocusing its attention on his
decisiveness at this moment of crisis?
▪ From
AP -- Palin
blessed to be "free from witchcraft" -- We're not making this
up. See
the video. And more
here.
Rossi
Revealed:
▪ In
today's Seattle P-I -- Business
group to host Gregoire-Rossi debate -- Read as P-I reporter Chris McGann
tries to sort out which candidate is "better for business,"
meaning who has supported the most business tax cuts, who opposes safety
nets for injured or unemployed workers, and who has backed less government
regulation. In the context of what's happening on Wall Street, it's enough
to make you puke. Note that Rossi, his corporate patrons and their
think-tank echo chamber continue to advocate that "Washington
Sucks." Is this really the guy you want to be in charge of economic
development in our state?
▪ In
today's Olympian -- Realtors
PAC agrees to $130,000 fine -- The PAC -- which is aggressively
supporting Dino Rossi's campaign -- admits to nearly $1 million in
reporting errors and omissions.
▪ Today from AP -- State
weighs restrictions on Republican accounts -- The PDC
will consider whether it should prevent the state Republican
Party from using certain accounts to pay for activities that promote
specific candidates. It appears the party improperly
used a certain account to pay for mailers promoting Dino Rossi over Gov.
Christine Gregoire in the state primary.
▪ In
today's NY Times -- Democrats
sue over "G.O.P." on ballot -- Dino Rossi's embarrassment over
being known as a Republican is now national news.
Local
news:
▪ In
today's Tri-City Herald -- Oak
Harbor Freight Line truckers protest at Pasco terminal -- Pasco terminal
workers, who are members of Teamsters Local 839, stop work after the union
and the company failed to reach agreement on medical benefits during
contract negotiation talks. More than 500 union workers -- out of a
companywide work force of 1,300 -- walked off the job.
▪ At
HorsesAss.org -- The
truth about Washington's revenue deficit -- It is
irresponsible to suggest that the projected $3.1 billion revenue deficit is
the result of profligate spending by Gov. Gregoire, when in fact, it is
clearly the result of declining state revenues. The culprit is a tax system
that overly relies on a steadily shrinking segment of our economy: the sale
of goods.
▪ At TheOlympian.com
-- Republican
Rep. Alexander: Leave state employee contracts alone -- The lead
Republican on the House budget committee says he doesn't want to trim the
contracts negotiated by state worker unions, as some in his party have
suggested. (Like Sen.
Joe Zarelli.)
▪ In
today's News Tribune -- Puyallup
sees jobs, big projects -- With up to $25 million in state funding now
secure, the City of Puyallup is ready to move forward with its economic
revitalization plan.
▪ In
today's Seattle P-I -- Seattle
firefighters gain new skills training on ships -- During the past six
weeks, more than 750 people in the Seattle Fire Dept. were trained on how to
combat ship fires.
▪ In
today's Oregonian -- Halsey
pulp mill workers still seek contract --
Three months after the Minnesota-based
Wayzata Investment Partners bought the mill from a bankrupt Pope &
Talbot, workers at Cascade Pacific Pulp mill have yet to secure a union
contract.
National
news:
▪
At AFL-CIO Now -- 740,000
sign on to million-member EFCA mobilization --
With fewer than 50 days to go before the election, some 740,000
people have signed cards and petitions calling on the new Congress to
immediately pass and the new president to sign the legislation when they
take office in 2009. The EFCA would allow workers to freely choose how they
want to form a union. (You can show your support for the Employee Free
Choice Act by clicking here
to sign our online card.)
▪ In
today's LA Times -- Health
insurance premiums increase moderately as coverage gets skimpy --
"We may be seeing the tip of the iceberg of a trend toward less
comprehensive, skimpier health insurance coverage for many working
people," says the Kaiser Family Foundation.

THURSDAY,
SEPTEMBER 25, 2008
Financial bailout must benefit
"Main St. as well as Wall St."
Rick Bender, President of the
Washington State Labor Council, sent the following letter to Washington's
congressional delegation outlining the AFL-CIO's perspective on the federal
government's proposed $700 billion bailout of the financial industry:
Dear Representative:
Our nation is facing a real
financial crisis that calls for action that is thoughtful and swift, but
not hasty. The actions taken at this perilous time must set the stage for
a real recovery that benefits Main Street as well as Wall Street. The last
thing we should do is compound the enormous imbalances in our economy with
an enormously imbalanced rescue package, one that continues to put working
families dead last.
The plan proposed by the
Treasury Department is dangerous and ill-conceived, and should not be
adopted in its current form. Congress should start over and do it
right. Any bailout plan must:
-
Be governed by an
independent board with transparency and effective public and
congressional oversight. There must be strong safeguards that any
taxpayer money is spent in the public interest, and that a needed
bailout does not become a raid on the Treasury by financial elites.
Participating institutions must give the government equity; a stake in
the good assets in exchange for the benefits of the bailout and ensure
that future profits are returned to the taxpayers in some manner;
-
Place an immediate
moratorium on foreclosures and use the full array of financial and
legal tools available to the government to restructure home mortgage
loans for working families;
-
Address the cause of the
crisis on Main Street in addition to the symptoms on Wall Street.
Congress should pass a second stimulus package in its entirety. We
need a stimulus that extends unemployment benefits, provides needed
aid to cities and states, and creates good jobs by rebuilding
crumbling schools, roads, bridges and water systems; and
-
Work to address the
disastrous weaknesses in our financial regulatory system and corporate
governance system that allowed this disaster to happen. We must ensure
that no corporate CEO benefits financially from the bailout -- no
"golden parachutes" for the people responsible for this
mess.
The Treasury Department
proposal fails all of these tests. It proposed a grant of unlimited
authority to the Bush Administration to spend $700 billion of the
taxpayers' money to prop up whomever they wish on Wall Street, without any
rules or independent oversight. It does nothing for families facing
foreclosure or for working people hit hard by the economy, and it does
nothing to hold those who caused this crisis accountable.
The stakes at this time are
enormous. I urge you to act quickly and responsibly. For nearly eight
years, the White House has pursued a "race to the bottom" policy
for workers and an "anything goes" policy for corporate
executives. Enough of this travesty.
If this plan ends up
squandering hundreds of billions of the taxpayers' money, the damage will
not be limited to the financial system. As a nation, we must address the
heath care crisis, the infrastructure crisis, the energy and environmental
crisis and the jobs crisis. Our future, and that of our children and
grandchildren, depends upon focusing our nation on these challenges in the
real economy.
Sincerely,

Rick S. Bender
President
Washington State Labor Council, AFL-CIO

Copyright © 2008
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Washington State Labor Council, AFL-CIO
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