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Showing posts with the label Blackstone

The Plan is to Privatize

Labor needs to pull their heads from a very dark place and look at what they are up against when going after the infrastructure jobs. One concern is there will be a hard fight to keep the jobs prevailing wage because if Donald Trump’s six people have their way, all jobs will be privatized Don’t look for help from the top Democrats, like Chuck Schumer, he received $575,000 fro Goldman-Sachs and $220,000 from Blackstone. He also voted for the repeal of the Glass-Steagall Act, helped design the 2008 big bank bailout and opposed efforts in this own political party to raise taxes on private equity and hedge funds. He is no friend of labor. Democratic New York Governor Andrew Cuomo has ties to Blackstone. Nancy Pelosi says the Democrats are willing to work with Trump on infrastructure, despite knowing what Trump and his administration are planning. There is big money to be made for companies like Black-Rock, the world’s largest investment company; the Securities Industry and Financial Mar