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This troubled economy needs words of encouragement right now, not more of BHO's fulfilling promises to his Union campaign supporters. These promises are little more than left-of-center, economy-destroying measures that will continue to prolong our agonizing economic downturn. Truly, Barack Obama is clueless as to what has made America great for well over two centuries.

Oh, and in related news, Union-throttled General Motors Corporation is poised for bankruptcy.

From the Wall Street Journal..

President Tells Unions Organizing Act Will Pass

MIAMI -- President Barack Obama told AFL-CIO union leaders Tuesday in a videotaped address that the controversial Employee Free Choice Act will pass, signaling his full backing for legislation that makes union organizing easier.

"We will pass the Employee Free Choice Act," President Obama told more than 100 top labor officials in a closed-door meeting at the labor federation's winter gathering in Miami, according to people at the meeting.

The bill would make it easier for unions to recruit workers because it would let them join unions simply by signing cards rather than through secret-ballot elections in which companies can campaign against the union. The U.S. Chamber of Commerce and other business organizations have been campaigning against the legislation.

Secret-ballot elections: not good. Secret-closed door meetings where BHO salves Union knobs: just fine.

Oh, not suprising, the AFL-CIO now wants our nations' banks nationalized..because, you see, our money will then be in Government hands. Just where they want it to be.

...the AFL-CIO is expected to ask the administration to take a controlling stake in banks that receive government funding and a more active role in restructuring their balance sheets. "We believe the debate over nationalization is delaying the inevitable bank restructuring, which is something our economy cannot afford,"

Any bank that is nationalized will not be involved in my life, I'll tell you that. CitiGroup, Bank of America, if you have to be nationalized, then see ya. Well, for CitiGroup it's a done deal. They are worth $10B on the market; we've given them $45B.

The U.S. government is standing at a crossroads. Should it temporarily squash the spirit of the free market in order to let the economy get through the crisis, or should it protect the free market and let the economy suffer the pain? The scariest thought is that even after squashing the free market spirit, it will still suffer pain. Relatively speaking, nationalization is really the riskiest choice.

That quote from CHINA news agency Xinhuanet. Does it surprise you that even a known Communist State media mouthpiece opines more wisely than the AFL-CIO and our current Democrat leadership?



What our economy can't afford, you Consortium of Liberal Union Thugs, is more and more left-wing executive policy-mucking in areas where it has no sense of how business operates. There's a downturn because we've seen too much Government interference; feeble attempts to correct perceived social 'injustices' by mucking up the strong borrower-strong lender policies (Carter's Community Investment Act was the smoking gun behind all of our housing ills).

It gets worse. This, from General Motors..

General Motors Corp said it has substantial doubt about its ability to continue as a going concern in its annual report released on Thursday, increasing the gloom in global markets.

“If we (the company) will be unable to continue as going concern, we could be forced to seek relief through filing under U.S. bankruptcy code,” GM added.

The company proposed additional loans from the U.S. government and hopes to receive loans of up to $7.7 billion, the statement added.

I've said before: let them fail. Let the Union contracts be rewritten, written out. It's the only way to be sure.

Here, in Smyrna, we have a thriving Nissan manufacturing facility, with absolutely no Union contracts. Next door, in La Vergne, we find Bridgestone Tire, chock-full of choking Unions, having to lay employees off. In Spring Hill, the 'Saturn' plant is yet to put out a vehicle. Will they ever?

Unions choke businesses. For Barack Obama, to speak as he did yesterday to the AFL-CIO, proves he is nothing more than a clueless moonbat.

BHO is slowly but surely killing our economy.