We note in our Lunchtime Liberty Update this week that the Obama Administration's class warfare campaign…
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Barclays Capital Study Echoes CFIF on the Danger of Raising Taxes on "The Rich"

We note in our Lunchtime Liberty Update this week that the Obama Administration's class warfare campaign targeting "the rich" will inflict further harm on our economy.  Not only would such tax increases hit small businesses (which create most new jobs in America) particularly hard, it would also penalize the income segment that accounts for 1/3 of consumer spending, which itself accounts for 2/3 of the nation's economy. Confiscating even more of those dollars may sound fine on a teleprompter, but it will bring destructive consequences in the real world.

Now, a new study by Barclays Capital highlights another potential harm.  According to their analysis, Obama's plan will cause a 9% drop in the S&P 500 and a 900-point drop in the Dow Jones Industrial Average.  As noted in this morning…[more]

July 30, 2010 • 01:12 pm

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Big Labor and Government Motors Print E-mail
By CFIF Staff
Thursday, June 04 2009

Less than a month after Vice President Joe Biden told labor union leaders that he believed that the best way to build the middle class is to help their unions grow, General Motors filed for bankruptcy protection and few in the auto industry seem willing to discuss the role that unions played in its demise.

With the United Auto Workers’ benefit plan expected to receive nearly a 20% ownership stake in what is now Government Motors as a result of the bankruptcy filing, some reports indicate that the current deal means that the union was successful in taking on less risk than it would have under earlier proposals. The question remains how much influence the unions will continue to have over the newly-structured, government-run GM and whether union involvement, particularly at the management level, will jeopardize the automakers chances for revival.

Recently, CFIF’s own Timothy Lee, a former private practice employment lawyer, joined Renee Giachino, CFIF’s Corporate Counsel and Senior Vice President, to discuss the political force of unions, the misnamed Employee Free Choice Act and why Big Labor cannot save the middle class or the auto industry.

What follows is the interview originally heard on "Your Turn - Meeting Nonsense With Commonsense" on WEBY 1330 AM, Northwest Florida's talk radio…[Listen to the interview here.]

 

Question of the Week   
In 1967, Teamsters Union President Jimmy Hoffa was jailed on a 13-year sentence for jury tampering, fraud and conspiracy. Which one of the following Presidents commuted his sentence?
More Questions
Quote of the Day   
 
"House Speaker Nancy Pelosi is the world’s worst cleaning lady. How has she fulfilled her vaunted promise to 'drain the swamp' and preside over the 'most ethical Congress in history'? By shrugging her shoulders, downplaying the gravity of myriad ethics charges against corruptocrat Democrat Rep. Charlie Rangel and waiting for the 'political chips' to 'fall where they may.'  Imagine a custodial…[more]
 
 
—Michelle Malkin, Syndicated Columnist
— Michelle Malkin, Syndicated Columnist
 
Liberty Poll   

Following President Obama's appearance on "The View," which television show should he appear on next?