Teamsters Bailout = Cynical Politics
Commentary
Earlier this month, President Joe Biden announced that he would bail out the Central States Pension Fund to the tune of $36 billion. The fund serves members of the Teamsters union, and $36 billion would make it the largest federal bailout to date of a pension plan.
Biden’s announcement reveals much about the state of our politics.
First, today’s largely socialist Democratic Party constantly professes concern about “fairness” and often invokes the philosophy of egalitarianism. But Teamsters have long made far more than the average American worker, so bailing out their pension fund brings to mind George Orwell’s depiction of the everyday reality of socialism in “Animal Farm:” “All animals are equal, but some animals are more equal than others.”…