The war against prosperity rages on this week down in Washington with class warriors inching closer to overturning 65 years of secret balloting for union membership.
The liberals behind this so-called "Employee Free Choice Act" ignore the fact that an overwhelming number of Americans are dead set against it. One recent poll revealed nearly 90 percent of respondents believe a worker's vote to unionize or not should remain private.
If this thing gets through, it'll be bad news for the stock market and economy.
A few months back, Jack Welch told me on Kudlow & Company that it would turn American competitiveness back 25 years. He said this union power play is headed straight for Silicon Valley and would jeapordize American innovation and competitiveness.
According to Mr. Welch, "This [legislation] is such a bad idea...[T]hose guys ought to be ashamed of themselves...We absolutely can't let this bill, with its motherhood-like name, this absolute misnomer, be allowed to come across. It will kill US competitiveness. Larry, this is not a minor issue. This is really a big deal."
Steve Moore, senior economics writer for The Wall Street Journal's editorial Board told me this legislation would permit unions to go into shops and factories and use thuggish, intimidation tactics to try to get unionization where they haven't been able to get the unions certified under fair and secret ballots.
Bottom line: This legislation is anti-growth and un-American.