Dec 24, 2008
Wall Street crooks named Grinch of the Year
Wall Street executive’s unchecked corporate greed helped them win the Ninth Annual National Grinch of the Year Award for 2008 sponsored by Jobs with Justice.
After taking nominations from all over the country, voting began on Dec. 2 for the dishonor of the person or group who caused the most harm to working families. The nominees besides Wall Street were anti-worker corporate lobbyist Richard Berman and current U.S. Labor Secretary Elaine Chao.
The Bush administration threw money at Wall Street with zero oversight, while requiring the Big 3 and the millions of blue collar workers they employee to jump through hoops. Over the past 30 years, conservatives successfully gutted regulation and preached 'smaller government' while millions of Americans lost good jobs and Wall Street and corporate America made record profits. Wall Street invented new, more complicated ways to make money off other people’s money Now that the party’s over; Wall Street wants to plunder the rest of us to pay the bill for their greedy rampage. This comes on the heels of news banks refuse to even say what they did with the money we gave them.
That greed helped Wall Street win with 47 percent of the vote.
Like any election, there were write-in candidates. Popular write-in candidates included Blue Diamond, American Airlines, United Airlines and perennial favorite and 2002 winner George W. Bush.
The 'Grinch of the Year' awards began locally with JWJ coalitions around the country highlighting the greedy Grinch in their hometowns, and that tradition continues. Union-busting Western Union edged out Mary Junck, CEO of Lee Enterprises (publisher of the St. Louis Post-Dispatch) and others in a crowded field in Missouri. In Colorado, JWJ delivered Grinch of the Year awards to Jake Jabs, CEO of American Furniture Warehouse, and Steve Ells, CEO of Chipotle Mexican Grill.
Jobs with Justice is a national organization that runs national campaign for workers' rights, with the vision of lifting up workers’ rights and struggles as part of a larger campaign for economic and social justice. Jobs Local Jobs with Justice Coalitions unite labor, community, faith-based, and student organizations to build power for working people.