President of largest rail union predicts congressional intervention after ‘no’ vote

[uncledad]

“I’m hopeful, but I doubt it’s really in the cards,” SMART Transportation Division President Jeremy Ferguson said in an interview Monday night. “I’ve got a lot of issues that are outstanding; that are reasons why our guys voted it down.”

SMART-TD, which represents nearly 40,000, or 3 in 10, freight rail workers, announced Monday that its members had voted down a tentative agreement with employers out of frustration over time-off, among other things — sending negotiators back to the table after the White House helped unions and rail companies broker compromise in September. Those involved have little more than a week until a cooling-off period, which forbids any kind of work stoppage, expires at midnight on Dec. 4.

Ferguson said he will reenter negotiations with carriers Tuesday alongside officials from three smaller freight rail unions that have also voted down their tentative agreements. “They’re already in discussions from weeks ago, of course, but I’m going to join the party,” he said.

https://www.politico.com/news/2022/11/2 ... n-00070395

+++ This has potential to sour the economy into the new year.

[Vercingetorix]

“I’m hopeful, but I doubt it’s really in the cards,” SMART Transportation Division President Jeremy Ferguson said in an interview Monday night. “I’ve got a lot of issues that are outstanding; that are reasons why our guys voted it down.”

SMART-TD, which represents nearly 40,000, or 3 in 10, freight rail workers, announced Monday that its members had voted down a tentative agreement with employers out of frustration over time-off, among other things — sending negotiators back to the table after the White House helped unions and rail companies broker compromise in September. Those involved have little more than a week until a cooling-off period, which forbids any kind of work stoppage, expires at midnight on Dec. 4.

Ferguson said he will reenter negotiations with carriers Tuesday alongside officials from three smaller freight rail unions that have also voted down their tentative agreements. “They’re already in discussions from weeks ago, of course, but I’m going to join the party,” he said.

https://www.politico.com/news/2022/11/2 ... n-00070395

+++ This has potential to sour the economy into the new year.

The economy will already sour in the New Year. As much as everyone hates to admit it....you can't solve inflation via monetarism.

The monetarist action fouls demand...like Cancer, inflation cant be healed without pain.

[uncledad]

The economy will already sour in the New Year. As much as everyone hates to admit it....you can't solve inflation via monetarism.

The monetarist action fouls demand...like Cancer, inflation cant be healed without pain.

I don't disagree. The problem goes way back. No party has found a viable solution. In fact, they just kick the can down the economic road. While making promises they can't keep and blame the other party.

[Mouth Of Chaos]

I don't disagree. The problem goes way back. No party has found a viable solution. In fact, they just kick the can down the economic road. While making promises they can't keep and blame the other party.

Why do we use fiat currency?

[uncledad]

Why do we use fiat currency?

To your off-topic question:

It was convenient. Later we used paper checks. later plastic cards. Today cell phone aps.

Next biometric markers.

Do you have something to say about the rail unions and Congress trying to avoid a strike?

You're welcome to post a thread on currency here or in Money.

[Vercingetorix]

To your off-topic question:

It was convenient. Later we used paper checks. later plastic cards. Today cell phone aps.

Next biometric markers.

Do you have something to say about the rail unions and Congress trying to avoid a strike?

You're welcome to post a thread on currency here or in Money.

Incorrect, fiat currency is used so the value can float. It can be inflated or deflated as needed.

What you are talking about is are payment systems. Not really the point here.

Fiat allows governments to spend at will because they simply inflate the currency like a clandestine tax system.

It is obvious when one considers the level of government spending and how it has exploded since just after 1974 when Nixon completly uncoupled the dollar from gold backing.

[uncledad]

Incorrect, fiat currency is used so the value can float. It can be inflated or deflated as needed.

What you are talking about is are payment systems. Not really the point here.

Fiat allows governments to spend at will because they simply inflate the currency like a clandestine tax system.

It is obvious when one considers the level of government spending and how it has exploded since just after 1974 when Nixon completly uncoupled the dollar from gold backing.

Do you have something to say about the rail unions and Congress trying to avoid a strike?

You're welcome to post a thread on currency here or in Money.

[Vercingetorix]

Do you have something to say about the rail unions and Congress trying to avoid a strike?

You're welcome to post a thread on currency here or in Money.

I responded to your post. That is now egregious or you dont like errors being pointed out.

As you the Unions and Congress.

They gave the unions the power to collectively bargain. If congress forces the union to work and to arbitration of the duspute. How is congress any different than the famed robber barons and the ghosts your party often summons to propagandize to the need for higher wages or some other labor payoff.

[uncledad]

I responded to your post. That is now egregious or you dont like errors being pointed out.

As you the Unions and Congress.

They gave the unions the power to collectively bargain. If congress forces the union to work and to arbitration of the duspute. How is congress any different than the famed robber barons and the ghosts your party often summons to propagandize to the need for higher wages or some other labor payoff.

I replied to your original post as it was on subject.

My posted reply on fiat was to Mouth of Chaos request.

That reply included "Do you have something to say about the rail unions and Congress trying to avoid a strike?"

"You're welcome to post a thread on currency here or in Money."

Keeping the thread on subject, it was repeated to your posting re fiat.

On subject; "They gave the unions the power to collectively bargain. If congress forces the union to work and to arbitration of the duspute. How is congress any different than the famed robber barons and the ghosts your party often summons to propagandize to the need for higher wages or some other labor payoff".

Congress has the power to enact laws under the Constitution. Robber barons, not so much.

My party is resolved to having labor disputes decided thru legal means. Negotiating or arbitration as necessary under the law. As Congress passed laws that encompass railroad labor disputes including collective bargaining, a cooling off period, and arbitration, it appears the law is being followed.

[Vercingetorix]

I replied to your original post as it was on subject.

My posted reply on fiat was to Mouth of Chaos request.

That reply included "Do you have something to say about the rail unions and Congress trying to avoid a strike?"

"You're welcome to post a thread on currency here or in Money."

Keeping the thread on subject, it was repeated to your posting re fiat.

On subject; "They gave the unions the power to collectively bargain. If congress forces the union to work and to arbitration of the duspute. How is congress any different than the famed robber barons and the ghosts your party often summons to propagandize to the need for higher wages or some other labor payoff".

Congress has the power to enact laws under the Constitution. Robber barons, not so much.

Look who is being naive now Kate.

My party is resolved to having labor disputes decided thru legal means.

Force.

Negotiating or arbitration as necessary under the law. As Congress passed laws that encompass railroad labor disputes including collective bargaining, a cooling off period, and arbitration, it appears the law is being followed.

Nothing like using government action to force a private entity to accept labor provisions.

That is the very definition of fascism. It is cool....it is LEGAL.