Obama defends Republic Windows and Doors workers:
December 7, 2008
BY ABDON PALLASCH
Sun-Times Political Reporter
President-elect Barack Obama put himself on the side of the workers at the Republic Windows and Doors factory Sunday:"When it comes to the situation here in Chicago with the workers who are asking for their benefits and payments they have earned, I think they are absolutely right," Obama said Sunday at a news conference announcing his new Veterans Affairs director. "What's happening to them is reflective of what's happening across this economy."When you have a financial system that is shaky, credit contracts. Businesses large and small start cutting back on their plants and equipment and their workforces. That's why it's so important for us to maintain a strong financial system. But it's also important for us to make sure that the plans and programs that we design aren't just targeted at maintaining the solvency of banks, but they are designed to get money out the doors and to help people on Main Street. So, number one, I think that these workers, if they have earned their benefits and their pay, then these companies need to follow through on those commitments."Number two, I think it is important for us to make sure that, moving forward, any economic plan we put in place helps businesses to meet payroll so we are not seeing these kinds of circumstances again,'' he said. "Have we done everything that we can to make sure credit is flowing to businesses and to families, and to students who are trying to get loans? And to homeowners who have been making payments on their homes but are still finding their property values so depressed that it becomes very difficult for them to make the mortgage payments?"That's where the rubber hits the road and that's going to be the central focus of my administration."
December 7, 2008
BY ABDON PALLASCH
Sun-Times Political Reporter
President-elect Barack Obama put himself on the side of the workers at the Republic Windows and Doors factory Sunday:"When it comes to the situation here in Chicago with the workers who are asking for their benefits and payments they have earned, I think they are absolutely right," Obama said Sunday at a news conference announcing his new Veterans Affairs director. "What's happening to them is reflective of what's happening across this economy."When you have a financial system that is shaky, credit contracts. Businesses large and small start cutting back on their plants and equipment and their workforces. That's why it's so important for us to maintain a strong financial system. But it's also important for us to make sure that the plans and programs that we design aren't just targeted at maintaining the solvency of banks, but they are designed to get money out the doors and to help people on Main Street. So, number one, I think that these workers, if they have earned their benefits and their pay, then these companies need to follow through on those commitments."Number two, I think it is important for us to make sure that, moving forward, any economic plan we put in place helps businesses to meet payroll so we are not seeing these kinds of circumstances again,'' he said. "Have we done everything that we can to make sure credit is flowing to businesses and to families, and to students who are trying to get loans? And to homeowners who have been making payments on their homes but are still finding their property values so depressed that it becomes very difficult for them to make the mortgage payments?"That's where the rubber hits the road and that's going to be the central focus of my administration."
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