Big Labor's serial scandals

As we celebrate this Labor Day, we should take a look at the state of labor today and how we got to where we are. Never before has the work force held as much skill, flexibility, and individual power

Unfortunately, good people can write about union thuggery and corruption until they are blue in the face and nothing will change. The reason is similar to the reason Clinton's support barely faltered even after he was caught with his pants down, jerking into the oval office sink, and accused of rape by a very credible woman. Mary Matalin had it nailed - - nobody expected anything better from Clinton. Everybody knew Clinton was a scumbag from the very beginning and he simply lived down to their expectations. Nothing he did came as a big surprise. Bill Bennett called this phenomenom "the death of outrage", but that was only part of the story. Fact is, if any Republican had been accused of a fraction of what Clinton did, the outrage would have been palpable (especially in the scumbag liberal newsrooms, lol).

And so it is, too, with the unions. They have been crooked for so long, stealing from the rank and file, skimming pension plans, supporting America-hating Democrats who would destroy the capitalist, free market economy that has propelled this country to superpower status, that nobody expects any better from them. So another union president went to jail? (yawn) So local (whatever) is controlled by the mob? (yawn) So the AFL-CIO is embroiled in a campaign money-laundering scheme with the Democrats again? (yawn)

There is simply no surprise here, let alone outrage. The union scumbags are only doing what everybody expects them to do. This is why they are so comfortable in their cozy long-term relationship with the party of scumbags, the Democrats.

Big Labor's Enron ~ WSJ. How some union insiders made a dubious killing in the telecom bubble.

Global Crossing: Labor's Questionable Windfall

Federal Officials Probe Stock Offer To Union Chiefs by Global Crossing ~ WSJ.

Ex-Governor to Look Into Union Stock Deal [AFL-CIO / Global Crossing]

A Link To Global Crossing, Terry McAuliffe and AFL-CIO

Boilerplate Whitewater ~right down tothe straw-man father-in -law
By September it was revealed that Terry had underwritten the Clinton Mortgage in NY ~ the case seems to have died

ELECTRICAL WORKERS (IBEW)
DOL Sues Union Fund Tied to Clinton-Crony McAuliffe
The U.S. Dep't of Labor filed suit May 5 against two trustees of the $8.3 billion Nat. Electrical Benefit Fund charging improper dealings between the fund and top Clinton-fundraiser Terence R. McAuliffe. According to DOL, NEBF trustee John Grau and ex-trustee Jack F. Moore imprudently lent over $6 million in pension assets. NEBF is operated jointly by the Int'l Bhd. of Electrical Workers, from which Moore retired as secretary in 1997, and the Nat. Electrical Contractors Ass'n, of which Grau is a vice president.

The scam involved a $6 million loan in 1992 to Columbia Land & Development Corp. of Orlando to buy a subdivision called Country Run which was to be developed into 545 lots. McAuliffe and his wife, Dorothy S. McAuliffe, own Columbia. The loan was in default from Dec. 1992 to Oct. 1997. DOL says NEBF should have known the loan couldn't be repaid in full with interest. The suit seeks the trustees to reimburse the fund for losses, including interest.

The McAuliffes also own Am. Capitol Management, a partner with NEBF in a separate investment called Am. Capitol Group I Assets LP, which guaranteed payment of the Columbia loan. In a separate 1991 investment, NEBF paid $38.7 million to buy five apartment complexes and a shopping center near St. Petersburg. The partnership bought the properties from the Resolution Trust Corp., which had taken control of them from a bank in receivership that had been owned by McAuliffe's father-in-law.

DOL alleges NEBF imprudently purchased a $2.45 million interests in ACGIA, a move that reduced the value of the ACM guarantee on the Columbia loan. McAuliffe's holdings in ACM had been collateral for the loan. The suit further alleges trustees made one of the purchases in the ACM partnership even though the Columbia loan was in default. The pension fund then reportedly sold its share of the partnership and the Columbia loan to ACM at a loss. [Pensions & Investments 5/17/99]

Judge Allows DOL's Terry McAuliffe Suit to Proceed ~ another Helps DNC/AFL-CIO Suppress FEC Documents

Mary Jo White's Tenure in the Southern District of New York ~ Capital Research Center

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