Unions vs Wall Street - The Showdown In Chicago

On Tuesday morning, in Chicago, the unions came to town. It was the final day of the rolling protest dubbed The Showdown in Chicago, a confrontation with the American Bankers Association, whose members had gathered for their annual meeting. With a crowd estimated at 5,000, it was without a doubt the largest demonstration against Wall Street's ravages since the economy crashed a year ago.

From the desperate manufacturing sector came members of the Sheet Metal Workers and the Machinists and the Steelworkers. From the collapsed housing market came the Carpenters and the Painters and the Insulators. There were laid off workers from shuttered factories – Republic Doors and Windows, whose battle over severance pay was captured in Michael Moore's new film, Capitalism: A Love Story, and Quad City Die Casting, whose hundred employees all lost their jobs with far less fanfare last month. Pulling up the rear, a large contingent of garment workers from Hart Marx, suit makers to the president, who successfully fought off a shutdown threatened by creditor Wells Fargo, saving some 3,500 jobs. And, of course, a vast purple army from the Service Employees Union, SEIU.

"There is something wrong with America," Anna Burger, SEIU's secretary treasurer, told the crowd, in the stirring rhetoric that was typical of the day. "Over a year ago the big banks on Wall Street, because of their greed and risky decisions, put our whole country and our whole economy at risk. And what did they do? They came to us. They asked for trillions of dollars and they said they would help us rebuild our economy. Did they rebuild our economy? Did they stop home foreclosures? Did they cut interest rates? Did they lower bank fees? Did they stop layoffs? Did they extend credit to small businesses? Or create new jobs? No. What did they do? They squeezed us harder. They exploited us more, raked in millions in fees, made lots of money and now they're giving themselves bigger bonuses than ever before." The shouting in response to her was boisterous, as it was to equally tough words from AFL-CIO president Richard Trumka.

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