Thursday, May 7, 2009

Obama Billionaire Backers Nix EFCA--Surprised?

Warren Buffett, the sage of Omaha, was the first Obama-aire to come out against the EFCA (Employee Free Choice Act) and its card-check unionization. Now he's been joined by three other Obama-backing billionaires (did you realize that the Democratic Party has a much higher concentration of voters who make more than $100,000 a year than the GOP has?). The three nay-sayers all hail from Chicago.

One, Penny Pritzker, a Hyatt zillionaire, actually ran Obama's campaign finance committee, the one that racked up about $750 million (with nine-figure contributions from unions) for the presidential campaign and another $53 million just for the inauguration.

Neil Bluhm, founder of the private equity firm Walton Street Capital and gatherer of $160,000 for the Obama campaign, just says no as well, and is joined by another billionaire, Lester Crown, who runs an eponymous investment firm. Crown gave the max personal contribution allowable under the law to Obama.

What took them so long, or did they just notice Obama's true stripes?

Wednesday, May 6, 2009

EFCA Sponsor Says Card Check May Go Bye-Bye

Senator Tom Harkin, D.-Iowa, says compromise is in order to save the Employee Free Choice Act, specifying that the card check provision will no doubt have to be dropped.

“Compromises are going to be made,” said Harkin, 69. “It probably won’t be card check [as part of the final law], because too many people are opposed to it now.”

Card check allows organizers to unionize a company by merely getting 50-percent-plus-one of the employees to sign off on the idea. No election need be held, but the union (har de har har) could still ask for one. Business is unilaterally opposed to it, with the U.S. Chamber of Commerce calling the EFCA "Armageddon."

(New York Governor David Paterson has already created card check in his state by fiat--executive order. Henceforth, all businesses receiving government assistance in just about any form in his state will be subject to card check unionization.)

Harkin said he's hoping that the compromise bill he's negotiating with fellow senators will win the "grudging support" of both labor and "some business."

For its part, labor says card check is non-negotiable and absolutely essential, and from the business side comes the stance that, even with card check gone, the EFCA is still Armageddonish with its binding arbitration provision.

The proposed law mandates a two-year binding contract be imposed if the company and union fail to agree upon a contract after 90 days of direct negotiations and another 30 days of mediation.

In the words of Rodney King, "Can't we all just get along?"

Evidently not.

Tuesday, May 5, 2009

Peering Through the DoubleSpeak to Clarity

Here's a piece on Senator Jay Rockefeller (D-W.Va.) and his "principles" on health care reform:

Rockefeller's principles. On April 21, 2009, Sen. Jay Rockefeller (D-W.Va.), chairman of the Senate Finance Subcommittee on Health Care, outlined his principles for a 21st century health care delivery system as the Finance Committee unveiled a series of roundtables leading up to health care reform legislation. Sen. Rockefeller’s principles for reforming the health care delivery system are: (1) create a National Director for Health Care Quality; (2) strengthen the Medicare Payment Advisory Commission (MedPAC) and provide expedited implementation of its recommendations; (3) provide the Agency for Healthcare Research and Quality with greater authority to coordinate public and private quality improvement; and (4) require health information technology as a “condition of participation” in Medicare by 2015.

Translation: We're gonna ration it, baby. You'll have access to health care (for an unspecified yearly and per-visit price), but you'll get nothing in return if it's too expensive. However, those of us in government--and our cronies--will have taxpayer-funded, gold plate, everything-is-available-and-free health care. These are my principles, sucka.