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Layfield Energy CEO John Layfield on why Wisconsin’s recall election has broader repercussions nationally.
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This is fascinating ahead of that big recall election update with such content union membership is headed south -- -- see a dramatic drop.
As governor Scott Walker's law cuts back on wage bargaining.
Now according to Bill Clinton and self it's -- -- -- -- campaign against walker on when asked the governor all about this and Wisconsin Monday night.
We'll be there are but first -- feel on why he says more states -- adopt Walker's law vs did Johnny to to what.
Is going on here I mean.
Union odd -- tell me this is all because.
Walker is just illegally -- symbolic -- But this this -- -- simply more at play when given people.
The power to decide yea or nay on membership right they're saying that.
Yet -- -- -- -- growing majority a public user gulf between 2003 earned on the 7100.
Just in the public workers alone and you're seeing that also in the teacher's union and all the unions there.
This is -- same argument that was made in 1947 with a Taft Hartley act as well and what you have just a matter of balance here -- that's what to argue over this is not about Scott Walker this is about -- Obama vs governor Romney.
This about do you do see this as a table senator from that there's -- talk about it this is the same Democrats already told.
That have been -- on the show.
That this is not important that maybe -- really -- a I don't know but I mean that's.
You know spending has everything and both sides do it but what do you make of that -- disallowed enormous repercussions.
It's absolutely because it goes against what people -- B president Obama's pro union should stance it's the same as the Detroit bailout that this bankruptcy -- shorts out of money and what you've got the Democrats battling against a potential ballot pretty short because it looks like the auto bailout is -- not working.
So it's a proxy battle is like is in Detroit as it is in them Wisconsin as well we'll start walker this has nothing to do with the governor.
Arm.
And let's play this -- a little bit.
The governor survives this on.
A lot of union members are gonna realize we spent a lot of money to get this -- thrown out of office we fail.
He's very popular in our state more voters like him then then then don't.
-- Increase there abandonment -- unions are way.
Yeah this is a big deal this is just -- Taft Hartley act I think this is a monumental moment in union history and what what happened -- Taft Hartley act he saw so many millions.
Yet public unions say about the same because they're negotiating what politicians say you have -- unfair battle there but in private unions you saw a drop about 40% down occurred about 7% rate -- -- calls always -- this colossal.
-- whose members.
Remained strong.
Vigilant.
In your face radicals or negotiate with politicians there's nothing inherently wrong about unions the problem is you have people that are giving -- -- things that they know they can never keep.
They -- pensions they can't keep they get wages they can't keep but when your politician looking for reelection that's easy to do it's -- the private sector has tended to chase she unions out.
On businesses are watching this too because the trend -- over the past couple years is then used through the courts or some argue and inside nefarious means.
Unions have not only won the right to have faster sign ups attendees sign ups and -- Companies but they've also been able to secure -- -- the board rooms as a sort of get -- strategy.
Does this arrest that slow that reverse that.
Absent of that proposal one thing the Governor Walker did the biggest thing he did was the automatic deduction in union dues -- so you have teachers paying as much as eight to 9% of their salary -- -- make about 3000 dollars a lot that is a big chunk of change for these people.
If they get the chance to opt out.
And actually have to riding in -- say we -- -- take our dues out it really kills the unions that's why the unions are spending millions of dollars and big union is all in Wisconsin you're bringing death like President Clinton.
To try to overturn this because they understand their bases being destroyed here.
On the election -- -- -- looked him.
-- -- I think it's a toss up right now and I think it's all about the economy I think that the economy stays the same it's going to be a tall also between got a both that's been a billion dollars of message and isn't.
But if he gets any worse I think you -- Romney win if he gets better I think you see present Obama win.
I think it all boils down to simple -- economic levels no one cares about foreign policy look what happened with -- the ball out of -- Osama bin Laden.
-- people all just simply worried about the economy and I don't believe there's any upside surprises.
I believe the potential for downside surprises something that happens a Middle East with Israel something has -- Greece or Spain.
Are hungry.
In the Euro I think that work is -- his potential problem there was very little.
Groomed for you're not gonna see united CNN polling go from eight to 6% but if you see increased labor force participation rate.
People won't back in -- you could see it go much higher much of Johnny was conceived thank you chairman Charlie don't.
