In response to:

Unions Slump on Bad Obama Bet

capitalust Wrote: Feb 18, 2013 7:38 PM
The correct financial term for what the government is doing is "EXPENSE", although "LOSS" (the opposite of PROFIT) is also applicable. Another financial term that is now becoming appropriate for more and more governments is INSOLVENT (even with continuous infusions of money from taxpayers). Soon hopefully we will see many governments GO OUT OF BUSINESS.

Alarm bells are going off for labor unions around the country.

Four years after electing the most pro-labor president of the last half-decade, it looks like the scheme has backfired.

In 2008 and 2012 labor unions used everything, including a little body English, ballot stuffing and voter intimidation to elect a president who would bring the prestige of presidential backing to recruitment efforts for labor unions.  

Since then not only have labor unions taken historic defeats in former union strongholds, like Wisconsin and Michigan, labor union membership is declining at a rate that will make them a...

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