The Purple Hand: Killing capitalism and ‘changing America forever’


On the day that President Barack Obama signed the nationalization of America’s health care into law, Service Employees International Union’s then-president Andy Stern shot a gushing video to his membership thanking the SEIU membership for “changing America forever.”

Since that day, Andy Stern has ‘retired’ from the SEIU, taken a position on the Board of Directors of SIGA Technologies, as well as still sits at President Obama’s side on the National Commission on Fiscal Responsibility and Reform.  Stern has, by no means, lost his influence.  If anything, Stern, while less in the public eye, may have become more influential on America’s future.

It is no secret that Andy Stern and his fellow “progressives” are fighting hard to install a “new 21st-Century economic plan” on America (beginning at 27:35).  In fact, Stern and his fellow progressives continue to push an end to capitalism, not just in words, but in policy formation as well.

For nearly a year now, unions (led by their “progressive” leaders) have been building the case to nationalize America’s retirement system.  In May, more details started emerging on the Left’s plan to take over, prompting House Republicans to write send a letter to Secretaries Solis and Geithner that stated:

“[W]e write today to express our opposition in the strongest terms to any effort to ‘nationalize’ the private 401(k) system, or any proposal that would dismantle or disfavor the private 401(k) system in favor of a government-run retirement security regime…. Instead, we urge the Departments to make it easier for employers to include retirement income solutions in their savings plans and to help workers learn more about the value of their retirement savings as a source of retirement income.”

Following that initial volley, other than the proposed $165 billion bill to bailout union pension funds, there has not been much more reported until last week.

Andy Stern, a key member of the deficit commission, is pushing to invest a significant portion of the Social Security trust fund in private companies through the stock market, the former labor leader told HuffPost.

Stern, taking a break from one of the few public meetings of the National Commission on Fiscal Responsibility and Reform, said that Social Security “needs to be, like any pension fund, brought back into balance.”

There were several ways to bring the fund into balance, he said, but one that he favors consists of “investing some percentage of government money in the stock market, as they do in Canada. Not individual taxpayer money, but government money.”

Let there be no mistake:  This proposal, were it to be enacted, essentially ends the quasi-free market that built America to greatness.

While President Bush had wrongly proposed a partial privatization of social security by letting Americans invest a portion of their social security into the stock market, Andy Stern’s proposal is far more insidious.  While Bush’s plan would have had the far-reaching tentacles of government regulations involved in determining what sort of stocks would be allowable, Stern’s plan is a plain take over of publicly-held companies by the federal government.

If the federal government becomes the single largest share-holder of a publicly-held company (after union pension plans), every aspect of how that company is managed (through shareholder resolutions) will be dictated by the federal government. [This, of course, would likely include the edict of unionization.]

In 2008, when then-candidate Barack Obama vowed to change America with the SEIU at his side, little did most Americans realize that ‘transforming America‘ meant that the federal government would take over the health care industry, as well as an attempt to take over all other industry.

In November, as unions fight to maintain their stranglehold on the federal government, Americans should have a clear choice to make.  One choice is to live under Andy Stern’s vision for a unionized America.  The other choice is to stop it.  It really is that simple.

2010 is America’s Thermopylae and everything rests upon enough Americans getting up, getting out, getting together and getting to the polls.

Remember.

November.

GOTV.

__________________
“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.”Thomas Paine, December 23, 1776

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10 Comments Leave a comment

The S-Evil-I-U is a den of thieves.

Loren Heal (Diary) Thursday, July 8th at 2:51PM EST (link)

And the Politics of Plunder continue apace. The game here is to get Wall Street addicted to government money.

They’ve been pushing rules (in the FinReg monstrosity) to put “shareholders” more in control of companies. As if they weren’t already.

If individuals were in control of how their personal SS account were
invested, there would be a tremendous benefit to putting it in the stock market. But there is a rent here, as well: enforced investment. Companies would know that the gravy would keep flowing unless they did something really, really bad. It would build in laziness.

To that point, even if the government is only investing in e.g., index
funds, rather than individual companies, there would be an even greater effect of the mandatory investment.

But what Stern wants is, as you say, for the government to own all business.

Lastly, they would not be able to stop themselves from setting obscure rules for green winners, minority winners, geographical winners, etc. It would quickly become functionally identical to the defense subcontractor industry, with arcane rules and pork-based priorities.


Join the Concord Project, and follow @lheal, if you dare.

 

The US needs their own Sir Roger Douglas

pilgrim (Diary) Thursday, July 8th at 2:58PM EST (link)

http://www.adamsmith.org/blog/tax-and-economy/rogernomics/

an excerpt

Even though he was a Labour Minister, he ripped into trade protections and subsidies, ended exchange controls, cut the deficit, halved income tax, let markets and not the state lead development, and brought honesty and transparency to government accounting. His key messages? Act decisively, and act quickly. You only get one shot at this. Don’t give the special-interest groups time to band together and drag you down.


Activists Taking Action: Unified Patriots

 

continuing the forced religion of the state

Veronica (Diary) Thursday, July 8th at 3:48PM EST (link)

great read, thanks!

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

Pray as if everything depends on God, and work as if everything depends on us. – St. Augustine

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It's the "aristocracy of pull"

qixlqatl (Diary) Thursday, July 8th at 10:45PM EST (link)

This is news, but not surprising. The cannibals are trying to find new ways to coerce Americans into their cook pots.

“Yet, Freedom! yet thy banner, torn, but flying,
Streams like the thunderstorm against the wind.”

George Gordon Noel Byron

555 [ROFLMAO!] nt.

LaborUnionReport (Diary) Thursday, July 8th at 11:33PM EST (link)

“I bring reason to your ears, and, in language as plain as ABC, hold up truth to your eyes.” Thomas Paine December 23, 1776

In any compromise between food and poison, it is only death that can win. In any compromise between good and evil, it is only evil that can profit.-Ayn Rand

LaborUnionReport.com
The Most Comprehensive Source for
News & Views on Today’s Labor Unions.


 
 

This isn't even a chess match in its complexity...

H (Diary) Thursday, July 8th at 10:54PM EST (link)

it’s more of a game of checkers, a race to see which side can get the most pieces to the other side of the board the fastest.

Checkers indeed.

mriggio (Diary) Saturday, July 10th at 9:13AM EST (link)

The coming lame-duck session is shaping up to be truly horrifying. I suspect they’ll try to dump the whole board into their lap.

Cheers!

mriggio
SMSgt, USAF (Ret)
Precinct Committeeman (R)
Tazewell County, Illinois
Save the Cheerleader Party, save the World! (Heroes, ed.)

 
 

As there has been no Soc. Sec. trust fund separate from general revenues

renny (Diary) Friday, July 9th at 10:32AM EST (link)

since 1968, when Johnson and a Dem. Congress ended the “lockbox,” where would Mr. Stern and minions get this money to “invest”? Since little o and his other minions have been working assiduously for months to ruin most seniors’ savings and undercut their investment funds by savaging business and seeing the stock market lose 50% of its value since 2008, from what pot will the cannibals steal? Are they going to steal state pension funds and private stock portfolios? After what happened to Chrysler and GM bond holders, no one should be surprised.

 

"2010 is America’s Thermopylae" is the wrong battle metaphor.

barrypopik (Diary) Sunday, July 11th at 3:50AM EST (link)

AtThermopylae, the good guys (Greeks, if you’re Greek) lost. It’s often said that the Alamo was the Texas version of Thermopylae, resulting in a greater victory for Texas in other battles.

If the good guys lose in November 2010, it’s over. There is no “Thermopylae” loss resulting in an ultimate victory in 2012. There is only loss. The progressive agenda wins and the United States becomes bankrupt.

Call 2010 “America’s Gettysburg.” The good guys won that battle (at great cost) and it was the turning point in the Civil War.

A November 2010 loss would be our Waterloo, not our Thermopylae.

A November 2010 win would be our Gettysburg.

Agreed, which would mean

CincoSolas_del_Bronx (Diary) Sunday, July 11th at 4:10AM EST (link)

losses 2008-to-date should be seen as Fredericksburg. A lot of reorg, learning and coming to terms with reality had to transpire between that disastrous December and that by-a-thread July.

Those dreading urbanization should remember that though the Kingdom of God first appeared in a temporal Garden, at the end of the book it is established in an eternal City. (paraphrase, James M. Boice)

soli Deo gloria