The Party of Labor

Discussion in 'Politics' started by vanzandt, Nov 29, 2022.

  1. Tsing Tao

    Tsing Tao

    Unions Furious As Biden, Pelosi Push Bill To Avert Rail Strike

    Under pressure from President Biden, Speaker Pelosi said that House lawmakers will take up legislation on Wednesday to stop a nationwide strike by railroad workers by imposing a proposed contract that members at four railroad unions had rejected, saying Congress needs to intervene to prevent devastating job losses.

    “I don’t like going against the ability of unions to strike, but weighing the equities, we must avoid a strike. Jobs will be lost, even union jobs will be lost, water will not be safe, product will not be going to market,” she said.

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    Both sides in the negotiations had agreed to a cooling-off period until Dec. 9 with the sticking points involving work schedules and paid sick time.

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    As The Wall Street Journal reports, under the Railway Labor Act, Congress can make both sides accept an agreement that their members have voted down.

    As you would expect some Democrats are hesitant to bite the hand that feeds them and tell labor unions what to do; and some union leaders have already expressed their ire at the intervention.

    “We’ve made it clear we wanted this process to play out, and we even asked Congress not to intervene in this process because by doing that, it takes away any leverage we have with the industry,” said Michael Baldwin, president of the Brotherhood of Railroad Signalmen.

    Michael Paul Lindsey, a locomotive engineer in Idaho and steering committee member for Railroad Workers United, told Insider it was a "blatant betrayal," but he wasn't surprised.

    "I thought it was kind of laughable that anyone would think that either the Democrats or the Republicans actually cared. Bottom line, they care about money," he said.

    Even so, "there was always that hope in the back of my mind that maybe someone would do something that was actually right for the American worker for once — instead of just what's right for corporate America."

    Republicans have traditionally philosophically-opposed government intervention into private contractual obligations, and Senator Marco Rubio has vociferously defended the workers' rights:

    “Just because Congress has the authority to impose a heavy-handed solution does not mean we should,” he said.

    “It is wrong for the Biden administration, which has failed to fight for workers, to ask Congress to impose a deal the workers themselves have rejected.”

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    We will see tomorrow if Pelosi really does have the votes she claims to pass this bill.
     
    #11     Nov 29, 2022
    vanzandt likes this.
  2. vanzandt

    vanzandt

    It's a given. They don't want to see our economy get worse. The needs of the many outweigh the needs of a few. Except Ukraine of course. Unless we believe Putin has his sights set on Paris. (lets avoid going down that rabbit hole for now though, we have another thread for that and I am not intentionally trying to push your buttons there.. just thought I'd throw that in being the ever "question everything" type that I am)

    It will be interesting though.
    Most of the unions are ready to cave, there's about 4 or 5 that aren't.
    Now my guess is... even though those other unions are ready to sign... I'm gonna say they WON'T cross the picket lines if the others choose to draw a line and strike. That idles the whole shebang. Those guys aren't scabs. Not in the blood of their upbringing.

    So Pelosi thinks she has the votes. I bet she does.
    And we all know The Turtle is going with big business...
    Which begs the obvious question here... what if a Senator tries to run a filibuster?

    They need 60 votes to override one if it happens.
    They probably have that many too, Rino's and all.

    But here's a good question...
    Where is Bernie at with all this?
    And Manchin?

    Here's two nice nice screen-grabs for Bernie.
    The first is Union Pacific, the second, CSX.
    See a trend in these earnings and revenues?
    That is all I could fit on my monitor... but you can go back 50 years... 150 years... last quarter was A RECORD FOR BOTH COMPANIES.

    And even before the last quarter... any of you Elite Traders spot a trend in the rest of these numbers?

    UNP:

    upload_2022-11-30_1-1-1.jpeg

    _____________

    CSX:

    upload_2022-11-30_1-1-15.jpeg

    Again I ask..
    ...where's Bernie? :cool:
     
    #12     Nov 30, 2022
  3. Tsing Tao

    Tsing Tao

    I'm confused. Are you suggesting that large rail - despite having a record year because of massive demand and capacity constraints - aren't negotiating in good faith when they offered 25% salary raises?
     
    #13     Nov 30, 2022
  4. gwb-trading

    gwb-trading


    An interesting and in-depth article on why the railroads refuse to give their workers paid sick leave due to P.S.R. (Precision-Scheduled Railroading).


    Why America’s Railroads Refuse to Give Their Workers Paid Leave
    https://nymag.com/intelligencer/202...eave-psr-precision-scheduled-railroading.html
     
    #14     Dec 4, 2022
    vanzandt likes this.