Tuesday, September 14, 2010

Trumka calls it "economic treason"

Greed is a terrible thing.  We saw greed during the collapse of Enron, and the collapse of Wall Street firms  like Lehman Brothers. Some corporations and their business leaders have a hunger for more profits.  It has been said that some corporations are sitting on major profits during this economic downturn.  They've trimmed their operating costs, fired thousands of workers, and now are enjoying record profits with obscene bonuses.  Richard Trumka has accused these fat cat corporations and business people of "economic treason' according to the Daily Caller:


...The big health insurance companies – the same ones that racked up tens of billions in profits last year and paid their CEOs megabucks – they say they need premium increases of 20 percent or more for no reason at all – except guess what? Greed.....
 
.....After a banner year — $555 million in profits, and millions in bonuses — the corporate bosses of Mott’s – a 168-year-old company that’s as American as applesauce – are demanding cuts in their workers’ pay and benefits, because, they say – quote – workers are nothing more than “commodities” like “soybeans or oil.” Hey, they say, in a recession, wages go down....

....This recession isn’t a natural disaster like a storm over Kansas! It’s man-made! And one of the men who made it is running for governor of Ohio! John Kasich is the poster child for those paper-pushing, job-killing Wall Streeters who tanked our economy and stole our pensions! Kasich is the problem!............

Trumka has plenty more to say about Kasich and Portman and the rest of the Republicans.  Thank goodnes there are fine people like Trumka who point out the culprits that caused this economic disaster.  Read all of Trumka's speech at the Daily Caller.