AFL-CIO’s Trumka: “I’m With Newt On Bain.”


AFL-CIO President Richard Trumka found one thing to agree with Newt Gingrich on: the attacks on Mitt Romney’s tenure at Bain Capital.

“I agree with some of the things Newt Gingrich says – not a lot, but some,” Trumka said on MSNBC’s “Morning Joe,” continuing on to say that he thought Gingrich’s line of attack on Romney was fair game.

“I heard [host Joe Scarborough] say it’s going to backfire because of the attack on free enterprise. The question is what kind of free enterprise, and who does that free enterprise benefit?” Trumka said. “If that kind of free enterprise only benefits the top percent, you’re going to see more of what you saw on the street.”

“It resonates with people” when you explain leveraged buyouts, said Trumka, asserting that 22 percent of the time, Bain’s buyouts failed.

The labor leader also said he thought President Barack Obama would be reelected, praising him for his efforts to restructure the car industry, pointing out that labor unions had no incentive to drive industries out of business.

“The president saved the car industry,” Trumka said. “The autoworkers jumped in with Ford and Chrysler and with GM and said, look, ‘let’s do a different deal’… it does us no good to kill the golden goose, because if the jobs are gone, we lose, we pay the price for that.” You can see the full video of the interview on the Morning Joe show here.

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Posted on January 13, 2012, in Labor Relations and tagged , , , , . Bookmark the permalink. Leave a comment.

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