This weekend is a holiday weekend, Labor Day, created to recognize working people’s accomplishments. Moving from an agricultural economy to an industrial one in the late 1800’s created a clash between people doing the work and management. Unions were formed and battles between police and workers were violent and there were a lot of people killed. President Grover Cleveland sought to reduce the conflict with the creation of Labor Day. This is an oversimplified history since it’s not the point of this post. More on the particulars here.
We have had Troubled Asset Relief Program (TARP) at the end of the Bush administration, that Obama voted for and conservatives were against, that had no effect other than lining the pockets of Wall Street fat cats and CEO's with taxpayer money. When Obama came to office he forced through a stimulus package of about a $tillion and most of it went to state workers, most of whom belong to unions, and little went to the private sector. Most of the private sector companies were “green” and most have failed since after blowing through $millions with no accountability. The money going to state union workers found its way back to the unions that in turn funneled the money back to Obama’s campaign war chest (estimated to be approaching a $billion) and funding the Democrat Party. That’s nothing short of a money laundering operation using taxpayer dollars. Then another $trillion in a second stimulus package was passed, again without Republican support, and the same thing was done. Now Obama and the Democrats are advocating for a third stimulus package. It’s doubtful this one will pass because the Democrats no longer control both houses of Congress. This will be reported as the Republicans are obstructionists that want to increase unemployment, starve old people, put children on the street, create more homeless, cause more pollution, and all the rest. Nevermind that three times infusion of taxpayer money into the economy has failed.
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