have a union do it. barack obama, it s not just cozy the relationship he has with the union. eric, it s down right shady. it s down right shady. if i were a republican on capitol hill i would subpoena the unions, big labor to come up and say what did you get in exchange for all those political contributions. the way you are carrying on you would think the union members were making it ll tens of millions of dollars from our tax dollars like stories, carnegie hall, hundreds of thousands of dollars. eric: give me an industry, a company that has done better, that has prospered because they are involved, they have union membership in their company? give me one name. our nation has done better. eric: i m asking you just one company or local one local state or municipality doing better because of unions. first of all our nation was built on the structure. eric: g.m. is doing better now. exactly.
union worker on average this federal union worker makes twice what private sector doing the same job. i have seen reports just the opposite especially for federal government workers who make probably less than the private sector worker for the same job. here is the point that really counts though, eric. that is obviously in today s economic climate there has to be renegotiations on a lot of different fronts. organized labor should not be scapegoated. the fact is they are the backbone of our working men and women in our country. renegotiation. are you talking about breaking union contracts and renegotiate pensions and benefits. that s going to be worked out on state and municipal level. eric: yes or no. the answer is that has to be figured out between organized labor and bargaining units and management or state and local government labor agrees with that point. the big issue eric is the bigger idea that barack obama meets with organized labor in no way means that he is in bed
have a union do it. barack obama, it s not just cozy the relationship he has with the union. eric, it s down right shady. it s down right shady. if i were a republican on capitol hill i would subpoena the unions, big labor to come up and say what did you get in exchange for all those political contributions. the way you are carrying on you would think the union members were making it ll tens of millions of dollars from our tax dollars like stories, carnegie hall, hundreds of thousands of dollars. eric: give me an industry, a company that has done better, that has prospered because they are involved, they have union membership in their company? give me one name. our nation has done better. eric: i m asking you just one company or local one local state or municipality doing better because of unions. first of all our nation was built on the structure. eric: g.m. is doing better now. exactly.
eric: they are only doing better now, with all due respect because we floated them $50 billion. why are they paying. eric: union. actually, that s not true. why are they paying back, eric in the money is being paid back by general motors because they changed manage; built competitive cars. eric: money is not being paid back, they still owe us $40 billion. even if we sold out whole stake in g.m. they still owe us a heck of a lot of money. taxpayers are on the hook for it taxpayers are on the hook for a lot of union pensions. not just federal, state, local government, the pensions and benefits. bankrupting the entire country. look at pension funds. their pension funds are on the verge of bankruptcy. eric: federal employees is the only one. 7 million jobs, unfortunately the only one creating jobs. the only one creating jobs today is the automotive industry for the first time in 10 years they are expanding jobs because of the success of the automotive bailout acre circle
on card check provision. he has signed a federal executive order. eric: i will let you get to it? unicon destruction workers privilege pass. eric: here is the issue, we have state, local, municipalities a pension bomb ready to explode on them, some say up to $3 trillion if they don t renegotiate union mentions going forward, those contracts they there are going to be bankruptcies across the country. our local, municipal governments is not about the fact that there are pension issues, it s the fact that local governments governments have got to find way to share services and consolidate. that s the issue. pensions have the unions have become a privileged class in this society. it s the rise of the public sector millionaire. kids working eric: let her finish. barack obama sign executive order when i was trying to make my point earlier but rudely cut off that gives unions the ability to cut construction jobs over private construction companies. let s see now, 15% of