STOP GOP Union Busting Pt 3: Teachers & Unions NOT to Blame for Wisconsin's Economic Woes!

Republicans and Wisconsin Gov. Walker are attempting to blame Teachers and Unions for all of their "Budget Crisis" issues. This is like the Gambling Addicted Dad blaming the kids for his losing at the crap tables, then forcing them to give up their lunch money to pay off his bookies. The Budget crisis in any state is NOT due to the Teachers, their pay, their benefits nor the Unions.
As we all know, the reason we are in this economic mess is primarily due to the shenanigans on Wall Street. We cannot allow Republicans to target our Teachers and Unions and use them as scapegoats. It's all a SCAM! They know our Teachers and Unions are NOT at fault. However, what they are really doing is attempting to Bust the Unions across the country. Union members traditionally vote Democratic. They are Union busting in hopes of gaining more strength for the 2012 election. We've already seen the attacks on Teachers and Unions beyond Wisconsin, in neighboring states like Illinois, Indiana, Michigan and Ohio.
Now let's talk about how the Wall Street shenanigans are the root cause for the problems in Wisconsin.

As we know, our economic mess started in the early 2000's. Almost everyone was getting calls from lenders to refinance their homes or purchase new homes. Bankers and Mortgage companies were lending money to everyone. There were countless independent people also hawking cheap, unscrupulous, balloon mortgages, reverse mortgages, and scam loans. You didn't need good credit. Loans were easy. Everyone was raking money in. Builders were building new homes in every neighborhood. Most of these homes were overpriced, particularly in states on both coasts. Home flippers were everywhere -- buy low, sell high for a quick profit.

Banks, Mortgage Companies and Lenders were not holding on to these mortgages. Wall Street unscrupulously bundled these very risky loans and sold them as securities -- Bonds or Collateralized Mortgage Obligations (CMOs). To those of you who don't "play the market," Bonds, or asset backed securities are sold as "low risk" investments. The shady bankers/mortgage companies sold them as highly rated, virtually risk free investments. Many states purchased these CMOs from their State Pension Fund monies, believing what they were told by their Investment Advisors (also Wall Streeters), that they were safe, risk free investments. We are talking about State Pension Funds....YES, the Teachers and Other State Workers' Pension Funds. These same Pension Funds that Governor Walker is saying are bankrupting the State.
IF THERE ARE SHORTAGES IN THESE PENSION FUNDS, IT IS NOT THE FAULT OF THE STATE WORKERS OR THE UNIONS! IT IS THE FAULT OF THE UNSCRUPULOUS SHENANIGANS THAT OCCURRED ON WALL STREET IN THE EARLY 2000's AND WHICH ULTIMATELY CAUSED OUR ECONOMY TO NEARLY COLLAPSE IN SEPTEMBER, 2008.
What is astounding is that Governor Walker knows this, yet continues to Blame the Teachers and the Unions. And even more preposterous, even with all of his so-called Budget shortfalls, he continued with his TAX CUTS to the rich-Big Business, many of whom were the connivers in the Wall Street Mess!

The reason Republicans are targetting teachers and unions is just part of the Republican Agenda. If we allow them to Bust the Unions in Wisconsin, look for them to target Unions in every state in the Country. Once they abolish Unions, look for them to fulfill the rest of their Republican Political Agenda:

1. Eliminate Entitlements including: Social Security, Medicare, Medicaid

2. Privatize the School System (No More Public Schools)

3. End to Global Warming Initiatives

4. Demolish Planned Parenthood

5. End Unemployment Compensation

6. Mass Deportation of Latino Immigrants and Racial Profiling bills like sb1070 in Every State; Changing Birthright Citizenship.

7. CONTINUE to Cut Taxes for the Rich and let the Wall Street Crooks Walk!