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Benefit pension, and now they are seeing the possibility that that could result in up to a 90 cut in their benefits. Over the past several years weve been working on this, ive been involved with it. Ive been working on the finance committee which is the committee here in the senate that has responsibility for this issue. In 2018, going back two years ago now, iowas participating in hearings as a member of the joint committee on solvency of multiemployer Pension Plans. It was a oneyear committee. House and senate, republican and democrat. Woe were we were supposed to get to a solution for this problem before it gets worse. We spent countless hours trying to do that. I spent countless hours in meetings, with beneficiaries, retirees, spouses. Ohio is one of the states thats hardest hit. I have heard their stories about how years of mismanaged Pension Plans have put them on the hoo ....
Welcome to the 238 members and welcome to the teamsters. It is great to have you here. [applause] teamsters local 238 negotiates 270 contracts across the state of iowa, both the Public Sector and private sector. It is safe to say there is not a single aspect of the iowa handsy that teamsters do not touch. We are everywhere. As the first caucus in the nation, teamsters have also been everywhere dogging these candidates. We have been following them around for months asking them questions and educating them about our issues, as well as our brothers and sisters in north carolina, south carolina, new hampshire, nevada. We have done a great job of coordinating our messaging to candidates across the country. Some members from those states are here and we would like to welcome you and thank you for traveling across the country to be in iowa today. Today we bring you the candidates. And we bring you the candidates with the help of the storm ....
First candidate was going to tell us why we should elect him. Former great senator from the state of delaware, former Vice President joe biden. [applause]. Mr. Biden ok. Welcome. Mr. Biden thank you. It is good to be home. Vice president biden, we are in a room full of teamsters and i want you to tell all of them here and all of them watching, why they should vote for you. But no malarkey. [laughter] first of all i should thank you. The only reason im sitting here is a 1972, i was losing in the polls the sunday before the election. The newspaper went on strike. Ct the printers, you guys put in a gigantic insert in the sunday paper to go out on the republican party. Wouldnt cross the picket line, and i won by 3100 votes. [cheers and applause] you guys dont like secondary picket, youre wrong. We, the reason is, look, i am as my grandfather say, labor from belt buckle the shoe soul. I understood very basic notion. Wall street didnt b ....
Iowa. The first candidate to speak his former Vice President biden. Ok, i want to introduce our first candidate who will tell us why we should elect him, former senator from the great state of delaware, former Vice President joe biden. [applause] [cheers and applause] mr. Biden ok. Welcome. Mr. Biden thank you. It is good to be home. Vice president biden, we are in a room full of teamsters and i want you to tell all of them here and all of them watching, why they should vote for you. But no malarkey. [laughter] mr. Biden no malarkey. I tell you why. First i should thank you. The only reason i am sitting here is that in 1972, i was losing in the polls the sunday before the election, the newspaper went on strike. You guys had put on a gigantic insert in the sunday paper to go out on the republican party. You guys would not cross a picket line. And i won by 3100 votes. [applause ....
[cheers and applause] mr. Biden ok. Welcome. Mr. Biden thank you. It is good to be home. Vice president biden, we are in a room full of teamsters and i want you to tell all of them here and all of them watching, why they should vote for you. But no malarkey. [laughter] mr. Biden no malarkey. I tell you why. First i should thank you. The only reason i am sitting here is that in 1972, i was losing in the polls the sunday before the election, the newspaper went on strike. You guys had put on a gigantic insert in the sunday paper to go out on the republican party. You guys would not cross a picket line. And i won by 3100 votes. [applause] if you think i dont like secondary pickets, youre wrong. The reason is, i am, as my grandfather would say, labor from belt buckle to shoe sole. Where i come from, i understand a very basic notion. Wall street did not build the United States of america. The middleclass did it. And unions built the midd ....