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CNBC Slams Obama’s ‘Unholy Alliance’

Written By : Warner Todd Huston
February 11, 2010

Well, CNBC’s Media and Technology Editor, Dennis Kneale, is only the latest to jump my little “Unions are Antithetical to Good Government” bandwagon. Kneale slams Obama’s “unholy alliance” with Big Labor and proclaims it a danger to the country. He couldn’t be more right.

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Here is the article: “Obama’s Unholy Union-With Unions

Here are a few choice quotes:

  • It is an unholy union. It’s bad for business, bad for the economy, bad for our country. Worse, for reasons I’ll explain in a moment, this alliance could lead to bigger government at all levels, which will require higher taxes on everyone (not just the top 5 percent of earners, those grossing $155,000 or more, who already pay 60 percent of federal income tax).
  • Let’s be blunt about it: Unions hurt profits, and that hurts stock prices. The typical union salary is 20 percent to 30 percent higher than the pay for a comparable job in a non-union shop, BLS data show.
  • The unions’ expansion into all levels of government already is having a pernicious impact. Today the average government job pays MORE than the average pay in the private sector.
  • On which side of the bargaining table does President Obama sit — with the union workers, in fat government bureaucracies and old ailing industries, who helped him get elected? Or with the Real Majority — the rest of the people he was elected to represent?
  • My fear is that the answer is all too obvious, and it isn’t the right one.

Now if only I could get them all to pinpoint me as the mastermind of this mantra! I couldda been a contender. Ha, ha.

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