Washington to Give Unions More Power to Tell Corporations What to Do
April 30, 2010 | Filed Under Budget, Business, Capitalism, Congress, Democrats/Leftists, Free Trade, Government, Corruption, House of Representatives, Liberals, President, Public Employees Unions, SEIU, Senate, Socialism, Taxes, Unions, Warner Todd Huston | Comments Off
-By Warner Todd Huston
Senator Chris Dodd (D, Conn.) wants to give unions more power in the boardrooms of our nation’s businesses. In essence, Dodd wants to force corporate boards under the thumb of unions by federal fiat.
Carefully hidden in Dodd’s new regulations are provisions that give new powers to board members, powers aimed at giving unions more say in the operations of businesses from the inside through investments of pension funds.
The Dodd bill takes away from the states the ability to make rules governing how corporate boards are established and run and for the first time reassigns that power to the federal government through the SEC. Democrats expect to use this new power to affect corporate boards to force pension fund investors to obtain more seats on those boards and that means union pension funds will suddenly have more influence on business simply because of their influence in Washington.
This will severely alter the relationship between business and labor, effectively erasing the ability of a company to operate in its own interests and will force it to serve the interests of Big Labor and Washington D.C.
This is just one more small step in the elimination of America’s private business community and the implementation of a quasi-socialist business state. One more anti-American arrow in Obama’s quiver shot over the bow of America.
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“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer, has been writing opinion editorials and social criticism since early 2001 and is featured on many websites such as Andrew Breitbart’s BigGovernment.com, RightWingNews.com, CanadaFreePress.com, StoptheACLU.com, TheRealityCheck.org, RedState.com, Human Events Magazine, AmericanDailyReview.com, and the New Media Journal, among many, many others. Additionally, he has been a frequent guest on talk-radio programs to discuss his opinion editorials and current events and is currently the co-host of “Life, Liberty, and the Pursuit of Conservatism” heard on BlogTalkRadio. Warner is also the editor of the Cook County Page for RedCounty.com.
He has also written for several history magazines and appears in the new book “Americans on Politics, Policy and Pop Culture” which can be purchased on amazon.com. He is also the owner and operator of PubliusForum.com. Feel free to contact him with any comments or questions : EMAIL Warner Todd Huston
Fair Use: This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. I am making such material available in my efforts to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. I believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research, educational, or satirical purposes. If you wish to use copyrighted material from this site/blog for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.
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