by Joshua Holland, AlterNet, August 8, 2008.
Big business has prepared a war chest of at least $150 million to stop one of the most progressive pieces of economic legislation in decades.
There is nothing more terrifying to corporate America than the prospect of dealing with its workforce on an even playing field, and, along with allies on the Right, it's pulling out all the stops to keep that from happening. At stake is much more than the usual tax breaks, trade deals and relentless deregulation; corporations are gearing up for a fight to preserve a status quo in which the largest share of America's national income goes to profits and the smallest share to wages since the Great Depression -- in fact, since the government started tracking those figures.
There will be many heated legislative battles if 2008 shakes out with larger Congressional majorities for Democrats and an Obama White House -- fights over war and peace, energy policy, health care reform and immigration. But it may be a bill that many Americans have never heard of that sparks the most pitched battle Washington has seen since the Civil Rights Act. It's called the Employee Free Choice Act (EFCA) -- a measure that would go a long way toward guaranteeing working people the right to join a union if they so choose -- and it has the potential to reverse more than three decades of painful stagflation, with prices rising and paychecks flat, for America's middle class and working poor. >>READ MORE
