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Andy Stern's debts
wash. times ^ | 4/23/10 | F. Vincent Vernuccio

Posted on 04/23/2010 9:24:27 AM PDT by Nachum

Edited on 04/23/2010 9:36:49 AM PDT by Admin Moderator. [history]

Purple may be the official color of the Service Employees International Union (SEIU), but Andy Stern is leaving the union deep in the red. Last week, he surprised the labor community by announcing his resignation as president of SEIU. Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions.


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: andy; debts; seiu; sterns

1 posted on 04/23/2010 9:24:28 AM PDT by Nachum
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To: Nachum
"but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions."

Over promised, under delivered as he ripped off his members to line his own pockets and promote Marxism.

Union members = suckers aka useful idiots.

2 posted on 04/23/2010 9:29:26 AM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: Nachum

The pension dollars went to fund 0bama’s candidacy.


3 posted on 04/23/2010 9:31:30 AM PDT by ConservativeMind (Hypocrisy: "Animal rightists" who eat meat & pen up pets while accusing hog farmers of cruelty.)
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To: Nachum

He has noting to worry about, Obama will tax us more to pay his debts..


4 posted on 04/23/2010 9:33:37 AM PDT by PLD
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To: Nachum

I would love to audit the SEIU to determine whether the underfunded pensions were due to political donations. I suspect that this scenario is the case.


5 posted on 04/23/2010 9:37:26 AM PDT by texmexis best (My)
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To: texmexis best

Hmmm, wonder if Andy will go the way of other infamous union hacks... taking a swim in concrete.


6 posted on 04/23/2010 9:39:03 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Jim Robinson
Somehow the play "The Emperor Jones" comes to mind when I think of Obama.
7 posted on 04/23/2010 9:40:24 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Supreme Court Nomination.


8 posted on 04/23/2010 9:44:14 AM PDT by Celerity
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To: Nachum
"...Do not worry about Mr. Stern and other high-ranking SEIU officials, though. At age 59, he has 37 years of service in the SEIU and is entitled to a full pension and lifetime health benefits. Unlike SEIU's pension plans for rank-and-file members and union employees, SEIU's officer pension plan, the SEIU Affiliates Officers and Employees Pension Plan, was funded at 102 percent in 2007..."

This is so typical of the NOMENKLATURA of the left. These "friends" of the working man ALWAYS look out for number one.

9 posted on 04/23/2010 9:44:22 AM PDT by Anti-Bubba182
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To: Jim Robinson

The Union is Broke? that’s just a perfect example of what marxism is! Since you can’t possibly make everyone well off you make them all poor!


10 posted on 04/23/2010 9:44:56 AM PDT by griswold3
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To: Nachum
This toad should be under the jail. The union he supposedly represented is not the teamsters, it's not the auto workers. These are the janitors and busboys, the lowest-paid unionized workers in America, and he he looted their pensions to get Barack Obama elected. Why is he not being prosecuted?
11 posted on 04/23/2010 9:50:57 AM PDT by denydenydeny (The welfare state turns us all into zoo animals, mouths open, waiting for the next feeding.)
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To: Nachum

Does anyone know why Andy Stern is resigning from SEIU? He’s been so deeply entrenched there. Something smells...


12 posted on 04/23/2010 9:52:30 AM PDT by nutmeg (The bigger the government, the smaller the citizen)
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To: Nachum
I missed this last week. We were on vacation with no radio, tv, telephone and for the first half of the week no cell phone coverage. This is big news:

"Purple may be the official color of the Service Employees International Union (SEIU), but Andy Stern is leaving the union deep in the red. Last week, he surprised the labor community by announcing his resignation as president of SEIU. Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions."

Sounds like the SEIU thugs need to pay Mr Stern a few conselling visits at his various homes.

13 posted on 04/23/2010 10:02:55 AM PDT by Grampa Dave (Use your $'s as weapons! Boycott Gay Frisco, since they keep Pelosi in congress.)
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To: Nachum

I was wondering if the whole Blago thing was why he stepped down.


14 posted on 04/23/2010 11:19:06 AM PDT by RushIsMyTeddyBear (I don't have a 'Cousin Pookie'.)
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To: Nachum

He spent all their pension contributions and dues money on left-wing political activities.


15 posted on 04/23/2010 11:44:10 AM PDT by St. Louis Conservative
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