From this Tuesday's The Daily Show, Jon Stewart let Fox's Charles Payne have it for his defense of Wal-Mart and their role in the fire at the Bangladesh garment factory, along with his attacks on labor unions in the United States. He also let Fox and the right wing have it for using the Hostess bankruptcy as another excuse to trash unions, while ignoring the other reasons the company went bankrupt.
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- Adam Lashinsky
- Ben Stein
- Black Friday
- Brenda Buttner
- Bulls & Bears
- Charles Gasparino
- Charles Payne
- Dagen McDowell
- Fox News
- Gary B. Smith
- Jim LaCamp
- Job Creation
- Jon Stewart
- Jonas Max Ferris
- Labor Issues
- Neil Cavuto
- The Daily Show
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- Union Busting
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- steve murphy
It wouldn't be a Saturday morning on Fox "news" if they didn't have at least five or ten of these type of segments their so-called "business block," bashing unions and blaming workers for the problems with our economy. And as always on these shows, they have one Fox "Democrat" on there, who agrees to come on and be ganged up on five to one with very little chance to speak.
Host Brenda Buttner opened up the show asking if the protests against Wal-Mart and the airlines are a bigger threat to a jobs recovery than this "fiscal cliff" which is usually their favorite topic to fearmonger over and push for cuts to our social safety nets and austerity.
Naturally, most of them agreed and did their best to portray unions as the big, bad bullies, even though unionization in the United States is at an all time low and the companies as the poor, aggrieved parties who are being "kicked around" by those union thugs. And the unions are now going to get Congress to allow for easier unionization because President Obama won reelection, never mind the fact that Republicans are still controlling the House and that they couldn't get that passed when the Democrats did have both houses of Congress and the presidency.
I will give their lonely "Democratic consultant" Steve Murphy credit for at least pointing out that it's a good thing for the economy for workers to have money in their pockets and that wages are at all time low right now. He also pointed out that there are economies in northern Europe doing very well with high levels of unionization and that the United States' economy was doing better when we had higher levels of unionization as well, which of course was met by jeers and sneers from the rest of the panel members.
And of course the notion that we should be able to do anything about outsourcing, states competing against each other with a race to the bottom on wages was treated as an impossibility. And naturally, the topic of CEO pay, hedge funds and the Romney/Bain model of extracting wealth from companies, and the increasing income disparity we've seen for decades now never came up.
Another day on Fox, another day of divide and conquer and attack workers as being overpaid, or unreasonable for wanting to earn a living wage and maybe retire with some dignity before they drop dead. I'm sure their wingnut welfare from Uncle Rupert for spreading this anti-worker propaganda pays a whole lot better than those people out there working in the Walmart stores, or for the auto companies or for the airlines.
It wouldn't be a Saturday on Fox's so-called "business block" without several rounds of union bashing and this week was no exception with the panel on Neil Cavuto's show continuing to attack the labor union, rather than management and the hedge fund managers, for the demise of Hostess -- Fox Ignores Hostess' Array Of Troubles To Scapegoat Union For Liquidation:
Fox News placed the blame for the planned liquidation of Hostess Brands squarely on a labor dispute with one of the company's unions. In fact, Hostess' unions had previously made significant concessions when the company went through a failed bankruptcy, and Hostess had many problems beyond labor costs, including an inability to adjust to changes in consumer tastes, which contributed to its bankruptcy. Read on...
And here's more from Daily KOS Labor -- 'Hostess Brands is a microcosm of what’s wrong with America':
As Hostess Brands announces its liquidation, the company's management is blaming a strike by members of the Bakery, Confectionery, Tobacco Workers and Grain Millers union—those damn workers wouldn't accept having their pay and pensions cut and their health care contributions increased just a few years after they made similar concessions in Hostess' previous, mishandled bankruptcy. "The forces most responsible" for the liquidation, CNBC's John Carney writes, "were two hedge funds that control hundreds of millions of Hostess debt and which have finally decided they won't squeeze any more filling into the Twinkie."
Only Silver Point and Monarch could have kept Hostess out of liquidation and kept the Twinkie bakery ovens firing. But they were, ultimately, unable to reach a deal with the unions that represents the workers who make and deliver products like Twinkies, Wonderbread and Ding Dongs. Without large union concessions—what some would say, total union capitulation—the hedge funds decided Hostess would have to die.
Hostess has clearly been mismanaged in recent years after having grown through the previous decades in ways that make its structure, including its labor force, especially complicated. But the end game is that private equity firms came in to do what they do: squeeze profits for their own multimillionaire investors at whatever cost to workers and to the company itself. Who cares if tens of thousands of workers are left unemployed and without the means to retire? Not Silver Point or Monarch, as long as they get their money. Who cares if Hostess exists tomorrow? Not Silver Point or Monarch, as long as they get their money.
These union members had faced a slow bleed for years. The only question for them was whether to accept an accelerated bleed and hope it would stop in a few years—but hope that in the knowledge that that was not a priority or even necessarily a desirable outcome to Hostess' private equity owners—or to fight for what they earned. We're hearing, and can expect to keep hearing, a lot about how it's so unreasonable of union members to expect to get the pay and benefits they negotiated and worked for, the pensions they've planned their retirements around. Because this is coming after a generation-long war on pensions and unions and middle-class wages. As AFL-CIO President Richard Trumka said in a statement, "What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor." Read on...
And from Think Progress -- Hostess Blames Union For Bankruptcy After Tripling CEO’s Pay:
Today, Hostess Brands inc. — the company famed for its sickly sweet desert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production.
But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent. [...]
It also follows a trend of rising CEO pay in times of economic difficulty. At the manufacturing company Caterpillar, for example, they froze workers’ pay while boosting their CEO’s pay to $17 million. And at Citigroup, CEO Vikram Pandit received $6.7 million for crashing his company, walking off with $260 million after the business lost 88 percent of its value.
Don't expect to hear that reported on Fox though. In Fox-land, it's always the greedy overpaid union thugs that are the heart of all of our problems.