Posts tagged bailout
Op-ed: Sean O’Brien Is an Idiot But the Teamsters Are Good
November 5, 2026 // Meanwhile, Moody’s Democratic opponent Angie Nixon, who Sean O’Brien did not vote for, is a former union organizer who has personally walked Teamsters picket lines alongside Sean O’Brien. I want to say two things about Sean O’Brien. The first is: Sean O’Brien is an idiot. Let us count the ways, from petty to substantial. As a native Floridian, I am quite familiar with the “rich Yankee testosterone guy who moves to Florida and votes Republican.”
Editorial: Against the Hollywood bailout
October 1, 2026 // The greatest job decline after Covid was in 2023, before Hollywood’s chief competitor, the U.K., expanded its film subsidies. That was the year of the industry’s “double strike,” when actors and writers simultaneously walked off studio lots for months. Hundreds of projects were delayed or outright canceled as filming rolled to a halt, costing the entertainment industry billions of dollars. When studios finally signed contracts to end the strikes, they had to accept unions’ core demands, ballooning their compensation in perpetuity. Is it any wonder they have looked to film elsewhere? The proposed federal tax credit would bail out the union workers who bargained for more than they were worth. It would subsidize almost all labor costs — for employees and contractors, both pre-production and post-production — of film crews, animators, special-effects artists, writers, actors, and even producers and directors. There are no limits on eligible compensation, so taxpayers would pick up a good chunk of the salaries of Christopher Nolan and Tom Cruise.
Union says US bailout of Spirit Airlines must protect employees
April 26, 2026 // The International Association of Machinists and Aerospace Workers, which represents Spirit's ramp service employees, said any bailout must require "no furloughs, no layoffs, and no shifting the burden onto the very people who keep this airline running."
Cesar Chavez’s Other Crimes
March 23, 2026 // But long before this week's disturbing allegations came to light, Reason investigated a "network of nonprofit, tax-exempt organizations set up and run by Chavez and other UFW officials" that managed to pull in millions of taxpayer dollars while refusing virtually all requests for transparency and traditional accounting. The 1979 cover story "Who's Bankrolling the UFW?" stood apart from the widespread canonization of Cesar Chavez as a secular saint whose supporters "fought tearfully through…crowds for a chance to shake his hand or just touch him on the shoulder."
Two years after the UAW strike
September 26, 2025 // Two years ago, tomorrow (September 26, 2023), then-President Joe Biden became the first president to participate in a striking worker picket line. The occasion was the United Auto Workers (UAW) strike against General Motors. Biden addressed the UAW members outside the Willow Run parts center near Detroit, Michigan.
Walberg, Allen Seek Trump DOJ Assistance in Recovering Bailout Payments that Funded Pensions for Dead People
February 21, 2025 // The Committee’s oversight work highlighted gross mismanagement of the Special Financial Assistance (SFA) program that was included in the American Rescue Plan Act. Taxpayers funded pensions for dead people to the tune of more than $164 million for 33 plans that have paid the money back. However, more than 30 other union plans have yet to pay back any of the overpayments. In the letter, the chairmen write: “As part of this investigation, the Committee is seeking information about the steps DOJ is taking to ensure that taxpayer money is recovered after the Biden-Harris administration made improper payments to multiemployer pension plans."
After Democrats lost the working class, union leaders say it’s time to ‘reconstruct the Democratic Party’
November 18, 2024 // “We can’t communicate with every nonunion laborer. We can only communicate with a portion of our members,” said Booker, who thinks Democrats could have performed better with a fierier populist message on the economy and a cooler one on cultural issues that make some of his members feel like Democrats are out-of-touch elitists. “A lot of our members own guns. A lot of our members hunt.” Booker said that when he toured job sites this year, he heard about inflation, immigration and the demise of the Keystone Pipeline, which would have created jobs for his members but was killed for environmental concerns — all issues that played to the GOP’s favor.
U.S. Taxpayers To Bail Out Failing Musicians’ Union Pension Fund With $1.5 Billion, PBGC Announces
July 15, 2024 // “As of July 15, 2024, PBGC has announced approval of about $61.9 billion in SFA to plans that cover about 1,076,000 workers, retirees, and beneficiaries,” the PBGC stated in its announcement. In June, Democrats stated they planned to use the taxpayer-funded pension bailout scheme to rally union voters in the upcoming November general elections.
PBGC Just Announced Nearly $2.3 Billion Will Go To 4 Underfunded Union Pensions
June 22, 2024 // On Thursday, the Pension Benefit Guaranty Corporation (PBGC) announced that it had approved the bailouts of four underfunded union pension plans totaling nearly $2.4 billion. Of the nearly $2.4 billion, the largest payments of taxpayer dollars will go to a grocery union pension and a printers’ union (which is now part of the Teamsters).
House probe starts after $127M in bailout funds paid to dead Teamsters’ pension plan
January 16, 2024 // Foxx and Good also said the “mismanagement casts doubt on PBGC’s implementation of the larger program, the $91 billion Special Financial Assistance (SFA) program,” saying Central States had sent a follow-up letter to the inspector general’s office that implied it would use the money “as their personal slush fund” to help it “achieve its statutory objective of remaining solvent through 2051.” Inspector General Nicholas Novak previously told The Post that there was no clawback function available to PBGC as part of the American Rescue Plan, through which the Biden administration provided more than $80 billion to other multi-employer pension funds.