Friday, December 31, 2010

NYC snow job VII: Union tactics during blizzard may led to blizzard of US money printing

Union thuggery taken to new heights:
Selfish Sanitation Department bosses from the snow-slammed outer boroughs ordered their drivers to snarl the blizzard cleanup to protest budget cuts -- a disastrous move that turned streets into a minefield for emergency-services vehicles, The Post has learned.
Miles of roads stretching from as north as Whitestone, Queens, to the south shore of Staten Island still remained treacherously unplowed last night because of the shameless job action, several sources and a city lawmaker said, which was over a raft of demotions, attrition and budget cuts.
"They sent a message to the rest of the city that these particular labor issues are more important," said City Councilman Dan Halloran (R-Queens), who was visited yesterday by a group of guilt-ridden sanitation workers who confessed the shameless plot...
New York's Strongest used a variety of tactics to drag out the plowing process -- and pad overtime checks -- which included keeping plows slightly higher than the roadways and skipping over streets along their routes, the sources said.
Read more of the New York Post's exposé here.
Robert Wenzel believes this local New York labor relations dispute may accelerate the US off the cliff even faster:
[T]his is a sign of a much bigger problem than clearing snow from the streets of NYC.

It is a very ominous sign for the country. Don't think this won't cause Ben Bernanke to sit up and take notice.

City budgets are in such disarray that the "IMF treatment" is one step away from being implemeted in cities and states across America, like it has in Greece, Ireland and many Third World countries. And U.S. government workers won't like it anymore here, than the Greeks or Irish overseas.

If anything is going to cause Bernanke to continue to print money, it's the fear that state and local governments won't be able to pay their bills. Such finance problems lead to cutbacks, intensifying protests and eventual riots. Bernanke pretty much knows this. He warned as much in Fed speak back in October. He is likely to continue printing, and destroy the value of the dollar so that cities and states have plenty of cheap dollars with which to pay off their huge debt burdens.

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