Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (108378)	2/16/2010 8:13:07 PM
From: Lee	3 Recommendations Read Replies (2) of 116555

Just to help clarify. When union at at private company and management agree to bad decisions (e.g. non market wages and benefits) the company goes bankrupt. When public unions and their elected official agree to bad decisions (e.g. non market wages and benefits) the public goes bankrupt. That is why Mish keeps harping on the public unions. The public unions harm the public. The self-limiting factor present in the private sector is not there in the public sector (at least not until the public has been looted). When you join public service that is what is should be, serving the public. Union leaders "doing their job" by getting every last cent from their taxpayer providers are acting contrary to the public - private contract inherent in public service.

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