Obama Tilt Toward Rubinomics Stirs Warning From Organized Labor

[specterderrida]

Interesting company.

edit to add link:

http://news.yahoo.com/s/bloomberg/20080817/pl_bloomberg/ajpksyb_dfu;_ylt=Ag2jr1kyE_04v9ve3vt6AjCs0NUE


Obama Tilt Toward Rubinomics Stirs Warning From Organized Labor

Kristin Jensen and Matthew Benjamin Sun Aug 17, 7:00 PM ET

Aug. 18 (Bloomberg)...............T

Blaming unfettered global trade and inadequate government regulation for lost manufacturing jobs and a staggering economy, Trumka's presentation cautions that ``it will do us little good if, when the next Democrat moves into the White House, Wall Street takes command of our country's economic policy.''

Trumka leaves no doubt that the rebuke is aimed at Rubin, Wall Street's most prominent Democrat. It's ``hard to tell the difference'' between Rubin and Republican Treasury Secretary Henry Paulson, the presentation says. Trumka's critique reflects the concern among organized-labor officials that Rubin and like- minded Democrats may win the behind-the-scenes battle to shape Obama's economic thinking.

``I'm hearing Rubin's name more and more associated with the campaign's economic policy,'' says James Torrey, a top Obama fundraiser and chief executive officer of New York-based Torrey Associates LLC, a hedge-fund investor.

Rubin, who became chairman of Citigroup Inc.'s executive committee after leaving President Bill Clinton's Cabinet, represents policy priorities that would favor free trade and more emphasis on deficit-cutting budget discipline if Obama beats Republican John McCain on Nov. 4. Meanwhile, Trumka and his boss, AFL-CIO President John Sweeney, are pushing trade policies that would protect U.S. industries, universal health care, and spending on highway construction and other projects that would create union jobs.
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Outnumbered at Forum

At an economic forum last month, Sweeney, former Labor Secretary Robert Reich, and union advocates were outnumbered by the likes of Lawrence Summers, Rubin's successor as Treasury secretary; JPMorgan Chase & Co. CEO Jamie Dimon; former Republican Treasury Secretary Paul O'Neill; and former Securities and Exchange Commission Chairman William Donaldson, like O'Neill an appointee of President George W. Bush.

[WeDidIt]

1. Your concern is noted n/t

[specterderrida]

4. My union tool box notes the concern also.

[FrenchieCat]

2. For a moment there, I thought you were going to provide a link first and foremost.

Guess I was wrong? :shrug:

[specterderrida]

3. here it is. Sorry for the delay:

http://news.yahoo.com/s/bloomberg/20080817/pl_bloomberg/ajpksyb_dfu;_ylt=Ag2jr1kyE_04v9ve3vt6AjCs0NUE