Stephen Lerner and Labor Unions Plan New Financial Crisis: Should you be nervous?

By Sam Foster

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree it would literally cause a new finical crisis for the banks not for us we would be doing quite well we wouldn't be paying anything...

That’s the money quote via Stephen Lerner a former SEIU official as exposed by some undercover audio obtained by The Business Insider. A collection of Stephen Lerner’s most egregious quotes can be heard below.

Clearly the audio is provocative and the audacity of the speaker is offensive. This is probably how every labor official talks on a daily basis.

But, it is not surprising. Contrary to the flowery concept that unions were meant to help the middle class, in practice a union is really nothing more than a group of individuals who hope to gain power from organizing people. There is no reason for their existence outside of amassing as much power as possible.

So Lerner’s comments should be instructional for what unions really stand for, power. However, there is a difference between bluster and reality.

Radicals often talk behind closed doors about big plans to take over the world. Bankrupt JP Morgan Chase if you will. However, doing so is a little more complicated.

In truth, it would appear that many of the tactics outlined by Lerner are already in place. In early February, unions began threatening to pull union investments from JP Morgan Chase. On the same day of Lerner’s comments, the AFL-CIO promised a bold new front against JP Morgan Chase:

Today’s protests mark the beginning of a new, intensified campaign leading up to JP Morgan Chase’s annual meeting next month.

“It is immoral for Chase to continue to make record profits and hand out $17 million bonuses while putting so many hardworking families in the street,” said Minister Patricia Malcolm, secretary of Churches United to Save and Heal, a citywide coalition of clergy in New York City.

Never heard of this massive new campaign that started on March 18th? Because, according to the AFL-CIO, hundreds (not thousands) protested in over 200 cities. The biggest event was in NYC where 400 showed up after unions, City Council officials, a state senator, several liberal church leaders and yes, even ACORN’s new digs as NY Communities for Change threw all of their weight behind it. The video advertisement for action can be seen below.

Clergy Perform Exorcism On Chase Bank To Banish 'Demons Of Selfishness, Avarice' from New York Communities for Change on Vimeo.

I checked the stock market and saw no blip on their stock price as a result of the new front against JP Morgan Chase.In WI, unions gained support because something was being taken away from them, but are there really going to be massive mortage and student loan strikes so that unions can weild greater power?

This of the course is the problem is any union offensive. Sure unions are interested in increasing union power, but is anyone else?

Ok,besides Obama and the Democrats.

Ed Morrissey seems to share a similar opinion that bluster is as bluster does.

Linked over at The Other McCain, where Stacy has excellent coverage on Lerner developments.

Via Memeorandum

1 comment:

  1. Excellent post, and you've hit on some things not being mentioned elsewhere. I'm hoping banks will be much wiser than they were earlier in the last decade and through the housing crisis. By now, they should be thoroughly fed-up with being bullied. I don't know what will happen, but I have a feeling we need to find a way to let them know we expect them to fiend off this assault with every weapon in their arsenal.

    Having said that, any institution not doing so needs to be exposed as quickly as possible. The question is how to get the information in a timely manner.

    Sam, Linked at my place.


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