Biden says he understands resentment over bailouts

[The Northerner]

ORLANDO, Fla. – Vice President Joe Biden told AFL-CIO leaders on Monday that the government bailouts of the banking and auto industries were necessary steps the Obama administration needed to take before it could tackle causes important to organized labor.

Biden told officials of the labor federation representing 11.5 million employees that the bailouts averted an even worse economic collapse and stabilized the economy.

At the top of organized labor's wish list are passage of the Employee Free Choice Act, which would make it easier for workers to unionize, and sympathetic appointments to the National Labor Relations Board, which administers laws between unions and workers. Business groups strongly oppose the labor bill, which has stalled without the support of some moderate Democrats.

"Had we not done those unpopular things ... we wouldn't have any shot, any shot at all," Biden said at the winter meeting of the AFL-CIO's executive council.

Read more: http://news.yahoo.com/s/ap/20100301/ap_on_bi_ge/us_biden_labor

[upi402]

1. Does he understand we recall he voted FOR credit card companies, and AGAINST us?

:mad: :argh:

[DJ13]

2. No Joe, I dont think you do understand

Its not that the bailouts were wrong (though the were), its that the people saw that their government stopped trying to solve the economic crisis after they threw trillions at the bankers and Wall Street.

In other words the people have seen rising unemployment, stagnant wages, and foreclosures while the already wealthy (that caused this mess in the first place) have actually benefited.

The people believe they were abandoned.

The bailouts are nothing more than trickle down economics, and the people are tired of getting screwed over by that conservative bullshit.

[RKP5637]

3. +1000, n/t