CONTRACT CLASS WARFARE

If anyone doubts that conservatives and the GOP are against labor, let's take a look at their ideology on business contracts. George F. Will wrote in December 2007 that the liberals were wrong to ask for relief for homeowners. According to Will, this was the plan:

She upped his ante by proposing a moratorium, for 90 days, on foreclosures. But the crux of her proposal is the crux of his -- a selective five-year freeze on the rates of subprime adjustable-rate mortgages.

Will thinks that this will have negative effects on us:

The costs of this entitlement will include new ambiguities in the concepts of contracts and private property.

A year later, Maurna Desmond at Forbes criticzes Bernanke's call for home loan modifications to lower the number of foreclosures:

This is because unjustly hurting investors would create an alarming precedent that the American government no longer considers a business contract sacrosanct, which runs the grave risk of alienating those abroad who have looked to the U.S. as an investment haven governed by the predictable rule of law.

All this is concern for investors. When it comes to worker's contracts, forget about it. This is what Mitt Romney had to say on Meet the Press (12/14/2008):

GOV. ROMNEY: We don't want to lose those jobs. And we believe, the long term, it's important for General Motors, Ford and Chrysler to survive, to grow, ultimately to thrive and create more jobs. The question is what's the best way to do that? Right now, those companies suffer about a $2,000 per automobile cost disadvantage. Part of that is labor, part is benefits and part is a legacy cost associated with retirees. As long as that $2,000 disadvantage is on their back, they can't be competitive. They'll keep losing share, they'll ultimately find themselves, frankly, being potentially liquidated down the road. So let's get rid of that cost disadvantage. And I think the reason that Republican senators stood up--and by the way, business executives like Jack Welch stood up and said, "You know what, this may require bankruptcy or something like a, a very powerful czar that could step in and change those contracts, change some of those burdens, get the costs down." If you do those things, we can make these companies competitive long term, they can be successful, they can beat back Toyota, Honda and Nissan making cars right here in the U.S. at a $2,000 cost advantage they have. We've got to, we've got to make sure...