November 21, 2006

DEAL:

Rep. Frank offers business a 'grand bargain': Reduced regulations for more job benefits (Michael Kranish and Ross Kerber, November 19, 2006, Boston Globe)

Representative Barney Frank has proposed in a series of meetings with business groups a "grand bargain" with corporate America: Democrats would agree to reduce regulations and support free-trade deals in exchange for businesses agreeing to greater wage increases and job benefits for workers.

Whoever he is, corporate America should accept this deal post-haste. Who does the Congressman think will enforce it?

Posted by Orrin Judd at November 21, 2006 12:14 PM
Comments

No Deal. So for doing what they should be doing (reducing regulations, signing free trade agreements) the Dems are going force socialist style govt mandated wages and health care onto companies? Hasn't the trouble at GM and Ford shown that the way to go is make health care and job benefits more individual and less company based?

Then again, this should be another example of people who said "how bad could the Dems be?" get a reminder before '08.

Posted by: AWW at November 21, 2006 12:26 PM

So who speaks for "businesses" as a group? As pointed out, who enforces this on a business that didn't "sign on" or doesn't follow through? And if the "benefits" only go businesses that "sign on", how is that different from buying gov't privileges.

And watch for all those Dems buying stock (through options and other Enron-style accounting) in companies they will then turn around and "reward" for complying with this nonsense.

Posted by: Raoul Ortega at November 21, 2006 1:14 PM

AWW:

That's not what he said.

Posted by: oj at November 21, 2006 4:05 PM

That's not what he said??

"But while Frank has won support in Massachusetts among financial-services executives, some national business leaders are skeptical. Bruce Josten , chief lobbyist for the US Chamber of Commerce said he is worried that Frank's grand bargain would mandate costly benefits to employees, including health care , in exchange for support of free trade

His grand bargain . . . certainly is not going to sail with the American business community," Josten said in an interview. Josten noted that Frank historically has been at odds with the US Chamber due in part to opposition to trade deals. In 2005, for example, Frank supported the chamber's issues only 33 percent of the time."

Finance executives in MA are Dems because they have to be to get along with the pols. Frank is doing nothing more than dangling a carrot or two to entice support for his govt controlled mandates.

Posted by: AWW at November 21, 2006 4:29 PM

Yes, you're quoting some Josten character, not Barney.

Posted by: oj at November 21, 2006 4:44 PM

I have lived in MA for over 20 years - Frank is as lefty as they come. As stated above he is simply dangling a carrot to get his big government mandateds into place. Business is right to be skeptical.

Posted by: AWW at November 21, 2006 8:26 PM

Those are your feelings, not what he said.

Posted by: oj at November 21, 2006 8:54 PM

Ok.

Frank is qouted in the article that he wants to raise the minimum wage (bad economics but popular politically) and reverse the "anti-union" attitude of Congress. He also wants to solve Social Security by having more immigrants pay into it which will simply make the Ponzi scheme larger and only be a short term solution. His statements about reducing the health care costs of businesses means he thinks the govt should pick up this tab via HillaryCare, not privatize via HSAs.

What you ascribe to as feelings I ascribe to as having watched this man as one of my Congressmen for the past 20 years.

Posted by: AWW at November 21, 2006 11:41 PM

Again those are your feelings about what he said, not what he said.

add 100 million young workers to SS and it doesn't require reform for another century after the seventy or so years it already has. Reform is a good thing, not a needed thing.

Posted by: oj at November 22, 2006 7:11 AM
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