Wednesday, August 26, 2009

Organized Labor's Seat at Obama's Table

Monday Denis Hughes, the New York state AFL-CIO president, was appointed as chairman of the Federal Reserve Bank of New York.

"...It is believed to be the first time that a union boss has been named chairman of a Federal Reserve bank.

Hughes’ chairmanship comes after the Union Auto Workers gained both a seat on the General Motors’ board and a large ownership stake in the re-organized auto giant..." (source)

This scares me.

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