Piece in Investors' Business Daily: Big Labor's Endorsement For Obama Is All About Repaying Favors
My piece starts this way:
This month the AFL-CIO "enthusiastically" endorsed Obama's re-election bid. No surprise there. No previous president has created anywhere near as large wealth transfers to unions.
Obama's $825 billion stimulus package targeted union jobs. Then there was the $26 billion Public Sector Jobs Bill of 2010. And the Disaster Relief and the Summer Jobs Act of 2010 provided another $24 billion to specifically help teachers, police and firefighters.
The stimulus required Davis-Bacon "prevailing wages and benefits" rules for contracts receiving any stimulus money. These rules typically force companies to pay union wages. . . .