Have you noticed?
- Obama won 52% of the vote—a “landslide,” according to the increasingly foolish mainstream media. California’s Proposition 8 also passed with 52% of the vote. Why is no one calling that a landslide?
- Obama is said to have won because voters were concerned about the economy. But the stock market has plummeted since he was elected although there has been little economic news. Investors evidently see that his economic policies have a lot in common with those implemented under Herbert Hoover and FDR: raise taxes, restrict trade, increase federal spending, empower unions, and regulate.
- The average UAW worker has a salary and benefits package worth almost $150,000. Two average auto workers who marry are likely to earn about $250,000 in salary between them. Shouldn’t Obama favor “spreading their wealth around”?
- Thirty years ago, the average steelworker at the Ambridge (PA) plant made over $100,000 (in 1978 dollars!), due to lax overtime rules. The plant closed shortly thereafter. Maybe workers have been resisting unions, not because companies pressure them, but because they correctly note that unions tend to destroy the source of their jobs? In short, maybe workers realize that unions do not promote their long-term interests?
- Why are those most concerned about monopolies and cartels among companies least concerned about monopolies and cartels among unions?
- The likelihood of extensive and expensive regulation of carbon emissions, including scrapping over a hundred coal-burning power plants nearing completion and devastating coal-producing regions, has gone up dramatically, even while economic woes lower energy usage and evidence accumulates that the earth is cooling on its own.
On unions, consider these words of Meghan McArdle:
First, after the unions have put companies into an untenable position, they come to the rest of us looking for a handout to continue the unsustainable levels of pay and benefits. Almost everyone I know makes less than an autoworker, and has a whole lot less job security. Why should they pay autoworkers for the privilege of making cars no one wants?
I also really loathe and despise the way the unions use work rules and featherbedding to make their companies and industries less productive than they otherwise would be.