Perfect: Andy Stern leaves SEIU $85 million in debt, joins Obama’s Deficit Commission

by editor on April 26, 2010

This is one of those stories that makes it worthwhile for a blogger to get out of bed in the morning.

Andy Stern, Chief Thug President of the infamous Service Employees International Union, more commonly known as SEIU, left the union $85 million in the hole when he resigned.

SEIU andy stern

Thugocrat Andy Stern says, "And when I left SEIU, the deficit was thiiiiis big.

With credentials like that, it’s only natural that President Obama has appointed Stern to a position on his Deficit Commission.

The Washington Times reports the remarkable details:

Mr. Stern has claimed victories in helping pass health care legislation and getting President Obama elected, but his impact within his own organization shows gaping budget deficits and massive underfunding of pensions.

SEIU has seen its liabilities skyrocket during the past decade. The union’s liabilities totaled $7,625,832 in 2000. By 2009, they had increased almost by a factor of 16, to $120,893,259. Meanwhile, SEIU’s assets barely tripled, growing from $66,632,631 in 2000 to $187,664,763 in 2009. A significant portion of SEIU’s current assets are from IOUs from hard-up locals.

SEIU is $85 million in debt, down from its 2008 high of $102 million, and has been forced to lay off employees.

While SEIU’s pension plans were failing and its liabilities growing, Mr. Stern seemed more concerned with electoral politics than with the internal workings of the union. Indeed, politics can account for much of SEIU’s lavish spending in recent years. “We spent a fortune to elect Barack Obama – $60.7 million to be exact – and we’re proud of it,” he boasted to the Las Vegas Sun last year. In all, under Mr. Stern, SEIU spent more than $85 million to elect President Obama and give Democrats control of Congress.

Your tax dollars are in good hands. Stern may be completely unqualified to reduce the nation’s budget deficit, but he is an Obama crony. And to be completely honest, something Stern will never accomplish, being an Obama crony is the only qualification he needs.

Source: Washington Times

{ 5 comments… read them below or add one }

Pittsburgh Z April 26, 2010 at 7:02 pm

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I am anxiously awaiting the mainstream press and its coverage of this.

It is amazing how many Goldman Sachs people work IN the White House….and now the Dems are going after Goldman Sachs.

WHEN will the Republicans talk about this sort of stuff. We need smartasses in the Republican party. They are such wusses.

JPT April 27, 2010 at 12:32 am

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First off didn’t Hope and Change man child sign a law to ‘stop’ those ex White House (RACIST! Calling it ‘white’! Can’t it be Brown, Green, Yellow and Red House too?!) staffs from marching down the lobbying road?

Gregory Craig is exempt I guess….

Now Stern (Andy- not Howard!) is on the Obama staff? Well!

Deficit Commission under Obama means the group’s aim is not how to fix the deficit. Rather it just means it is a commission on how to add more to said deficit. Note that this is “Change” we were promised. A change from reason into bulls*it.

So the target of the Deficit Commission is to pump up the deficit? Then Stern is the right Liberal for the job! Shine on you crazy debt incurring gemstone of Left Wing failure… Shine on!

KimmyQueen April 28, 2010 at 2:59 pm

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What is going on?! I feel like it is just getting worst and worst until one day we become a third world country. I don’t want to live in a third world country it sucks! People need to be exposed to the truth and this administration needs to go away.

Myron Stoatpamphlet May 2, 2010 at 1:32 pm

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November is coming… kick out the ruling class and start to hold our ‘representatives’ accountable. The framers never intended that the USA have a ruling class. Until we put the country back into the hands of the people, nothing changes.

ed flowers September 21, 2010 at 9:51 pm

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what a shithead, and now he on the federal payroll.

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