Obama team reverses union transparency

[thundley4]

The Obama administration, which has boasted about its efforts to make government more transparent, is rolling back rules requiring labor unions and their leaders to report information about their finances and compensation.

The Labor Department noted in a recent disclosure that "it would not be a good use of resources" to bring enforcement actions against union officials who do not comply with conflict of interest reporting rules passed in 2007. Instead, union officials will now be allowed to file older, less detailed conflict reports.

The regulation, known as the LM-30 rule, was at the heart of a lawsuit that the AFL-CIO filed against the department last year. One of the union attorneys in the case, Deborah Greenfield, is now a high-ranking deputy at Labor, who also worked on the Obama transition team on labor issues.

Labor officials declined to say whether she played a role in the new policy, noting that Ms. Greenfield is abiding by all government ethics rules. In court filings, she and other union attorneys called the 2007 rules "onerous."

The Labor Department also is rescinding another key labor financial disclosure regulation. The expansion of the so-called LM-2 rule, approved during the last days of the Bush administration, requires unions to report more information about finances and labor leaders' compensation on annual reports.

Link

Nothing to see here, nope, no conflict of interest whatsoever. I guess that since the EFCA doesn't seem to be going anywhere, that 0Bama has to give the unions everything else possible.

[NateRiver]

Obama is putting the screws to business while letting unions get away with murder.

[Crazy Horse]

Obama is putting the screws to business while letting unions get away with murder.

Can ya say Pontiac and 21,000 more out of a job...............and still not one damn contract renegotiated

[thundley4]

Can ya say Pontiac and 21,000 more out of a job...............and still not one damn contract renegotiated

I wonder how many jobs could have been saved by renegotiating the contracts?

[Tess Anderson]

Well, Michigan and other states are going to lose more jobs now. Barack Hussein Obama will always do the union bosses' bidding, that's what happens when a communist is elected president. This one is a union whore all the way.

[SSG Snuggle Bunny]

Well, Michigan and other states are going to lose more jobs now. Barack Hussein Obama will always do the union bosses' bidding, that's what happens when a communist is elected president. This one is a union whore all the way.

So young.

So naive.

Bond-holders have funded/hold 42% of GM's financial liabilities. The unions hold 15%.

But Obama is giving the unions 39% of the profit-stake while cutting the bond-holders down to only 10%. So in other words: the unions get 2 1/1 times their investment while the bond holders get screwed down to 1:4. The workers may be out of a job but the union quid-pro-quo ain't goin' nowhere but up.

Oh yeah, and he's keeping 51% for himself.

http://hotair.com/archives/2009/04/28/uaw-to-get-39-of-gm-obama-administration-50/

[NHSparky]

I wonder how many jobs could have been saved by renegotiating the contracts?

Considering that in 1991 GM had over 360,000 union jobs and today have barely 50K?

[rich_t]

Obama is putting the screws to business while letting unions get away with murder.

You perhaps expected something else from Zobama?

I for one am NOT surprised.

[Chris_]

Yeah, because there has never been links between unions and organized crime...

[thundley4]

Yeah, because there has never been links between unions and organized crime...

And there have never been links between Chicago politics, organized crime and unions. 

[Chris_]

I wonder how many jobs could have been saved by renegotiating the contracts?

20,999.  He needs to fire the top union honcho.