At tonight's CBS debate, the topic of Hillary Clinton's campaign donations from Wall Street came up as a question as to whether she was "beholden" to them as a result.
Vermont Senator Bernie Sanders was not satisfied with Clinton's initial answer, which drew a a lengthy retort.
"He [Sanders] has used his answer to.... basically... impugn my integrity. Let's be frank here. [Crosstalk]. Wait a minute, Senator. [Crowd hushes.] You know, not only do I have hundreds of thousands of donors, most of them small. And I'm very proud that, for the first time, a majority of my donors are women. 60 percent," said Clinton.
"So, I represented New York, and I represented New York on 9/11, when we were attacked. Where were we attacked? We were attacked in Downtown Manhattan where Wall Street is. I did spend a whole lot of time and effort helping them rebuild. It was good for New York, it was good for the economy, and it was a way to rebuke the terrorists who attacked our country. So it's fine for you to say what you're gonna say, but I looked very carefully at your proposal, reinstating Glass Steagall, is a part of what very well could help, but is nowhere enough. My proposal is tougher, more effective and more comprehensive, because I go after all of Wall Street, not just the big banks."
Under federal election law, candidates are not allowed to coordinate with the super PACs that support them. But since Hillary Clinton is not yet an official candidate, she's been coordinating with Correct the Record, a project of the Democratic-aligned super PAC American Bridge 21st Century.
Poor Walmart. The Arkansas-based retail giant just can’t catch a break. On Wednesday, employees began striking across the country, demanding higher wages. The move is the latest in a long-standing battle between the company and labor interests. And on Friday, labor’s allies in the world of activist investment are hoping to open up another front by convincing Walmart to disclose its membership with trade groups.
Looking for issues to push in this year’s congressional elections, Senate Democrats are proposing a constitutional amendment that would enable government at the federal and state levels alike to heavily regulate campaign contributions and expenditures. The effort is driven by the Democrats’ intense disagreement with Supreme Court decisions on campaign finance. The amendment likely will fail, as it certainly should. As in so many areas of governance these days, liberty—here the freedom of speech protected by the First Amendment—is at stake.
The Mackinac Center is reporting that the Michigan SEIU has lost more than 80 percent of its members after Michigan passed a right-to-work law. The hemorrhaging membership is the result of the law ending an appalling extortion racket that siphoned taxpayer money to the union and forced thousands of home caregivers to pay SEIU dues unwillingly:
There have been a lot of ill considered articles following the heinous grade school shooting in Connecticut, and I'm afraid this article in the Huffington Post is no exception. The headline, "The Gun Lobby: Why The NRA Is The Baddest Force In Politics," more or less sets the tone. Here's how the piece begins:
Last year, in an article for THE WEEKLY STANDARD I discussed the growing number of existential threats to unions. One of the major challenges facing unions is that their multi-employer pension plans are deep in the hole, and the problems were being masked by accounting standards that allowed them to hide their debt: