94% of Unions Fail OLMS Audits

Posted on October 24, 2007

Just a quick note about the “success” rate of unions and their audit compliance from Ed Morrissey.

The OLMS points out far too many “inconvenient truths”, as one Democrat might put it. For instance, it reported that only 43 of 643 union audits showed financial compliance. That’s a whopping 6%, meaning 94% of all unions can’t pass a financial audit. It doesn’t seem very surprising, since millions of worker dollars end up at the Democratic Party. If a group of publicly-held corporations had a 6% failure rate for their financial audits, the Democrats and unions would scream bloody murder, let alone a 94% failure rate.

Now, imagine how the left would be all over that if such a failure rate were to be had from groups supporting conservative causes. They’d be all over it with their “Republican culture of corruption” rhetoric, for sure.

Remember how the left was all up in arms about Enron? Amazing how silent they are about unions, isn’t it?

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3 Responses to “94% of Unions Fail OLMS Audits”

  1. kerwin on October 24th, 2007 1:49 am

    People have to know about it to scream and this is the first I have heard. Maybe the word will spread.

  2. Jim White on October 24th, 2007 10:50 pm

    The Republicans aren’t saying anything about it either? Your point is actually terribly silly. The actuaries that would be involved in an audit of these unions were actually probably appointed by Bush, hired by his appointees, or simply not questioned by the Bush administration. The problem here is with execution, not legislation, therefore the onus lies with the executive.

  3. Warner Todd Huston on October 24th, 2007 11:55 pm

    Jim,

    Using your “logic” then, since you come from a socialist point of view, I can discount it entirely. In fact, I think I will. After all your ideas are so terribly silly and biased that they are meaningless

    Thanks for stopping by, though.