Where do republicans get their misinformation about labor unions and corruption?

Answers:6   |   LastUpdateAt:2012-10-03 00:03:01  

Jo Jo
Asked at 2012-09-02 14:38:03
When companies are far more corrupt. MedlinePlus http://www.naturalnews.com/021911.html MedlinePlus Myth corruption Union MedlinePlus MedlinePlus By Nathan Newman - March 8, 2007, 5:18 a.m. MedlinePlus MedlinePlus Inevitably, when talking about the unions, the comments start flying about "corruption" and "mafia", another corporate talking point. Now, when I say "myth" does not mean that no corrupt union leaders individually or even whole unions that have had serious problems of corruption at points in time, that is only a myth that corruption is systematic throughout the Union movement or it is a serious problem in terms of union finances in general, even in the few unions with some corruption issues. MedlinePlus MedlinePlus A review of the facts of some old messages:
MedlinePlus MedlinePlus But my favorite example is the most notorious anti-labor union corruption cited by people - the Teamsters pension fund: MedlinePlus MedlinePlus There is no doubt that organized crime had their hands in the Teamsters Pension Fund U.S. central for decades. But here's the kicker, there is little evidence that union members were uprooted due to the multitude help themselves to loans that could not be secured from more legitimate banking sources. As the New York Times listed in 2004:
MedlinePlus In the 1970s, the fund's assets grew 10 percent a year, according to some media reports of the time ... Thus, the fund made a better performance in its real estate portfolio unorthodox than they would in a conventional mix of investments ... MedlinePlus MedlinePlus At the time Hoffa disappeared in 1975, the Central Fund Pension State had paid an estimated $ 600 million to people related to organized crime, according to Mr. Stier, who resigned his union post in April after questioning the Union continued commitment to eradicate corruption. But many of the loans served its purpose, to make money to pay the retirement benefits of the Teamsters. The hotels, casinos and other real estate projects, not all of which were related to organized crime, were generally profitable, according to Mr. Stier, and before his disappearance Hoffa saw to it that their loans were repaid. MedlinePlus MedlinePlus Now, this misuse of the Teamsters pension fund money was the greatest example in history of the labor movement - and still pales in comparison to the billions of dollars invested honestly over the years on behalf of union members MedlinePlus. MedlinePlus Not only Teamsters do well even in "corrupt" Jimmy Hoffa's leadership, but here's the kicker. In 1982, the federal government forced the management to convert Teamsters Pension Fund of Central States professionals from Wall Street firms. The result: MedlinePlus MedlinePlus [I] n these expert hands, the aging fund has fallen into greater financial peril than when James R. Hoffa, who built the Teamsters into a national power, is used as a slush fund ... the type of investments that make sense for [pension] fund - as long-term bonds that will mature as members enter retirement - are not attractive to most money managers because they generate little overhead ... MedlinePlus MedlinePlus Money managers promised big returns pension funds, and for the great benefits began adding risk assets to the portfolios of pension funds had used before. Sleepy bond portfolios were livened up with actions. Venture capital, junk bonds, securities of companies in developing countries and other exotica began appearing on pension funds ... When the stock market crashed in 2000, the pension fund of the Central States had big bets on technology stocks and telecommunications, energy trading companies and foreign stocks. Some of these actions became almost worthless. MedlinePlus MedlinePlus So who is more corrupt? Jimmy Hoffa get a good return for members of its investment in real estate and casinos profitable or managers of Wall Street big fat fees collected from inmates-place agreements and the dotcom bust? MedlinePlus MedlinePlus By contrast, another pension fund in the hands of the Teamsters union itself, the Western Conference Teamsters Pension Fund, adopted a more conservative approach and survived the dotcom crash and actually made money when Wall Street was losing massive amounts . MedlinePlus MedlinePlus The point is not that no one can find examples of union corruption individually, but with tens of thousands of union officials who oversee billions of dollars in assets, would be a powerful validation of the goodness of human nature, if some people do not you steal money somewhere. MedlinePlus MedlinePlus What is striking is how small union corruption compared to a corporate culture where scams insider deals, retroactive options and Enron-style with employees, shareholders and cost hundreds of billions of dollars in public the lowest estimate.
MedlinePlus The conclusion is that when critics of the "union corruption" made these noises, ask how much documentation is involved compared to supervise union assets. And the reality is that it will not be able to quote EXA
Answer1Megan WhiteAnswered at 2012-09-03 17:57:02
They make it up.
Answer2HarperAnswered at 2012-09-09 01:51:02
There is misinformation ----------------- * shi make up!
Answer3holly mahoodAnswered at 2012-09-10 09:12:03
Google MedlinePlus So easy ... even a progressive can use :)
Answer4Anna-MarieAnswered at 2012-09-14 15:10:03
so young , so naive .... it's unfortunate that you believe all the rhetoric and lies liberals spit ..
Answer5CtonneAnswered at 2012-09-21 04:52:05
Companies rarely loby subsidy from the federal government . Farmers perhaps, but rarely corporations . But Union do. Also I can not remember a time when corporations rioting , hurting people and causing damage . The unions did in the occupy Wall Street protests .
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