Armageddon: What Democrats Are Hiding & Why They Are Really Scared

Redstate ^ | 10-19-10 | LaborUnionReport

[blueyon]

If Democrats were running a corporation, their actions would be criminal. Unions and Democrats are scared. They should be.

Very soon, Democrats and their union bosses’ worst fears may soon be realized and, if they cannot continue their slight of hand, it may threaten their very existence. While it is true that Democrats and their union bosses are facing possibly debilitating losses on November 2nd, they are hiding the really bad news from voters until after November 2nd.

Do you remember that promise we heard back in 2008 about transparency? Democrats and, in particular, then-candidate Barack Obama stated emphatically that “transparency and the rule of law will be the touchstones of this presidency.” What a joke that was. Well, it’s time to shed some light on the house of cards that is about to come crashing down on Democrats’ and union bosses’ heads.

“This is Armageddon.”

[blueyon]

“This is Armageddon.”

This is scary and an outrage at the same time!

[vanilla swirl]

invest in lead and brass?

[caver]

Bottom line is that the unions are killing the companies they work for. Yea, makes sense.

[thethirddegree]

Once we get a new Congress, Obama needs to be impeached, tried for treason and brought to justice along with Joe Biden and Eric Holder.

[mo]

Bottom line...is that what the Rinocratic Oligarchy has done to this country can only be described as governing malpractice.

[j_k_l]

Anyone want to bet there will be a “Moratorium on Bankruptcy” for these businesses via executive order?

Atlas is shrugging...

[hoosiermama]

Any connection to last night’s thread?

[Former Proud Canadian]

Biden could, justifiably, plead insanity.

[HalfFull]

Yikes...

[thethirddegree]

Biden could, justifiably, plead insanity.

I doubt it.Insanity implies the existence of brain function, however damaged.

[RayChuang88]

This is why I think when the 112th Congress goes into session the FIRST thing we need to do is immediately clean up the broken, economy-sapping income tax system.

Currently, American citizens and businesses have offshored millions of jobs, thousands of factories and corporate headquarters and circa US$16 TRILLION in American-owned liquid assets for income tax avoidance reasons--sheer economic insanity. We need to drastically overhaul the income tax, either by simplifying to what Steve Forbes proposed in 1996 with a no-deductions (outside of a generous household deduction) flat-rate income tax or go even further and repeal the 16th Amendment and replace the income tax with a national consumption tax like FairTax. Both of these changes encourages Americans to keep their savings and capital investments in the USA, and that means millions of jobs, thousands of factories and corporate headquarters and and most of that US$16 TRILLION in liquid assets all return to the USA, creating an economic boom that makes the 1980's seem like a minor event in comparison. And it would encourage foreigners to invest in the USA because we would effectively become the world's friendliest country in terms of taxation.

[hoosiermama]

Make sure you read the comments at the article....detailed information.

[arkady_renko]

Link for those who missed it?

[agere_contra]

Well said.

Too many FReepers reflexively believe that wealth-creators have no right to move their property and capital to other countries, even though those same wealth-creators are being crushed by insane levels of taxation, regulation and legal exposure.

Treat capital properly, and it will flood back.

[ct_libertarian]

The first thing I'd like to see done, and for the record I'm not a "birther", is for the new Congress to demand Obama's Birth Cert.

Obama plays the classic "Divide and Conquer" game of creating uncertainty and then framing The Uncertain as wackos.

Demanding the birth cert will produce the immediate result of letting The Marxists know that playtime is over and that The Constitution is now in full effect.

It will produce the secondary result of finally putting the issue to bed.

It might also end up producing a situation where "The Birthers" were correct all along, and Obama would be legally ousted and his entire "Presidency" nullified.
Kagan, gone.
Sotomayor, gone.
Healthcare, gone.
Investigations aplenty.

If that effort fails, as the second thing I'd like to see is the new Congress move for the immediate impeachment and conviction of Obama AND Biden.
If convicted, the new Speaker of The House would step into The Presidency and we could begin to immediately roll this Marxist Tyranny back.

The third thing I'd like to see is the immediate arrest of Soros, the freezing of his funds, and the aggressive investigation of all of his front groups and networks.


I know, I know... but I'm going to dream while I'm still in a country where the Marxists haven't outlawed it.

[dynachrome]

In these plans, multiple companies pay into the pension plan, but each company assumes the total liability

I did not know this. That is insane.

[maggief]

Thanks for the pings, I was just reading the comments.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

http://www.washingtonexaminer.com/opinion/columns/Will-November-be-the-death-knell-for-big-labor-unions_-1246982-105141124.html

FASB’s new rule could effectively wipe out the paper worth of many companies, especially in the trucking and construction industries. Once banks and creditors are aware of these staggering pension liabilities, it will make it nearly impossible for union businesses to get loans, credit lines or bonding.

If forced to report their true liabilities, hundreds — perhaps thousands — of companies will scramble to get out from under their union obligations.

“The blind panic is un-frickin’-believable. [Unions] are flipping out,” says Brett McMahon, a representative of Associated Builders and Contractors and vice president of Miller & Long Concrete Construction.

(snip)

With FASB’s new rule starting before year’s end, time is running out for unions. If unions end up decimated by collapsing pension plans and the ensuing class-action lawsuits as workers try to recoup their retirement, Democrats will lose millions in political donations.

That’s why Democrats have already put together a plan to save unions. And in a lame duck session just after the election, Democrats have nothing to lose.

Get ready for another taxpayer-funded union bailout.

[DarthVader]

Add long prison sentences and executions of those who have committed high treason.

[PowderMonkey]

"Print mor mony"

[maggief]

(FWIW)

http://www.freerepublic.com/focus/bloggers/2610749/posts