U.S. Chamber of Commerce and AFL-CIO agree on something!
Hell has frozen over. On one of those ubiquitous Sunday talk shows yesterday, Tom Donohue, president of the U.S. Chamber of Commerce, and Richard Trumka, president of the AFL-CIO, both said that Congress needs to provide funding to rebuild America’s crumbling infrastructure.
Richard Trumka said:
“We can’t be competitive in a global economy unless we have infrastructure that allows us to be competitive. This is really a no-brainer.”
And that’s not all: The Vatican has called for a sweeping overhaul of the global financial system. The statement called for an end to “an economic liberalism that spurns all rules and controls.”
The Gudorf Chair in Catholic Theology and Culture at the University of Dayton said:
“While conservative leaders and several presidential candidates want to eviscerate financial reform, the Vatican has sent a powerful message that prudent regulation of our financial system is a moral priority…It’s clear the Vatican stands with the Occupy Wall Street protesters and others struggling to return ethics and good governance to a financial sector grown out of control after 30 years of deregulation.”
So we have the Vatican, the U.S. Chamber of Commerce and the AFL-CIO all standing together. Gee, who could be against them? Oh, that’s right — Republicans. They don’t want any infrastructure work done or any new jobs created because that would make Obama look good with an election coming up. And they don’t want ANY regulation of the finance industry — their Wall Street pimps have told them very explicitly not to let this happen, Or Else.
Labels: AFL-CIO, Occupy Wall Street, Richard Trumka, Tom Donohue, U.S. Chamber of Commerce, Vatican financial overhaul
posted by Tom Harper @ 12:25 PM
6 Comments:
I'm sure the AFL-CIO is looking for more jobs and just for their members. The US Chamber of Commerce would be most satisfied if they could get the money without doing any hiring (would strengthen the unions) or would outsource.
No one is more responsible for connecting religion with big money then the Vatican. They have sat there for decades and watched their conservative representatives trash poverty and civil rights programs and didn't care as long they were anti-abortion
Erik
What Erik said, with an addition.. that RCC must be hurting for some coin from the poors that fill their collection plates on Sundays.
Interesting, but I concur that there is an angle we don't know about yet.
Very good,but I don't see Donohue being on board with reform and regulation of the financial industry.
Erik, FWIW, one of the biggest, most active and effective charitable operations in my community is Catholic Charities.
Erik: I'm always glad to see support from powerful organizations, whatever their underlying motives are.
Jess: And speaking of motives, I think you've found theirs. Millions of unemployed Catholics equals empty collection plates.
JR: I'm hoping that these groups' motive is that they're seeing the writing on the wall and they want to come out on the winning side. I can dream anyway.
SW: That makes sense about Catholic Charities. This is a huge generalization, but I think Catholics care about people after they've been born, as well as before.
I agree with "prudent regulation" whatever that means like full disclosure laws.
Post a Comment
<< Home