Sen Casey’s email explains how GOP congress services Wall Street.
After the 2008 crunch, a democratic congress required banks to gamble with their own money, not funds backed up by government bailouts. No more would Wall Street scoop up the profits, while we cover their losses.
In 1974, another democratic congress, created the Pension Benefit Guaranty Corporation, PBGC. (Introduced by a Democrat from Jeanette Pennsylvania, John Dent). The PBGC has protected thousands of workers from numerous pension defaults.
In 2014 a GOP congress slid two last-minute provisions into their must-pass, avoid-shutdown, bill. One provision allowed banks to once again gamble with government protected funds. The another allowed pension funds to shave promised benefits.
PA Senator Casey continues to resist fast tracking jobs overseas.
“Trade Promotion Authority legislation will pave the way for another NAFTA-style deal that costs jobs and hurts Pennsylvania’s economy. Over and over again we’ve been told that trade deals will create jobs and better protect workers and the environment. Those promises have never come to fruition. Now some in the Senate are ready to dive into another mistaken trade deal. When it comes to debating economic policies we ought to consider whether they will grow middle class wages, create new jobs and bolster our manufacturing sector. Trade Promotion Authority legislation does none of these things.” Sen Bob Casey
Continue reading PA Sen Casey Against Fast Tracking Jobs Overseas
Manfacturing.net Thu, 03/26/2015 – 9:42am
by Andy Szal, Digital Reporter
Republican lawmakers fired yet another salvo on federal labor regulators this month with the introduction of a proposal banning so-called “micro-unions.”
Sen. Johnny Isakson reintroduced his Representation Fairness Restoration Act last week with 12 Republican co-sponsors.
Continue reading GOP Protects Business from Micro Unions