Labor's Last Stand in 2011? (tags)
The stage is set, and the main actors in Congress and in the corporate establishment are ready to perform, having rehearsed behind closed doors for the coming assault on organized labor's most powerful sector, public workers. The final preparations were smoothed out in Obama's tax "compromise" with the Republicans, which gave details of the drama's first act. The tax plan purposely did not include a critical element for state funding, called the Build America Bonds program (BAB), which allows recession-sunk states to easily borrow money from the federal government. In the face of enormous deficits, the states would be left to drown. Reuters blogger James Pethokoukis explains: