Ms. Weingarten gives her enemies a breather as she jets off to Kiev to “promote democratic values.”
American Federation of Teachers president Randi Weingarten has been on a tear lately, working diligently to build up her long and growing enemies list. As reported by The Wall Street Journal’s Allysia Finley,
The American Federation of Teachers issued a report last year blacklisting money managers who support nonprofits that advocate for school and pension reform. This month the union published a second edition with some notable additions and deletions.
The report’s goal is to muzzle hedge fund and private-equity managers who sit on the boards of and contribute hefty sums to union betes noire like the Manhattan Institute, StudentsFirst and Missouri’s Show-Me Institute. The union singled out these three because their donors also manage billions in public pension investments.
Of the referenced money managers, the most prominent is Dan Loeb who runs the very successful Third Point hedge fund. Loeb is not only on the boards of the conservative Manhattan Institute and StudentsFirstNY (the New York State wing of the organization founded by another Weingarten foe, Michelle Rhee), he is the chairman of the board of Success Charter Schools, which are run by yet another Weingarten nemesis, Eva Moskowitz. Randi has had it in for Eva ever since 2003 when the former was president of New York City’s United Federation of Teachers. Moskowitz, then a New York City councilperson, held hearings to examine the negative impact of union contracts on school operations and infuriated Weingarten by reading part of the union contract at a city council meeting. She accused Moskowitz of “demonizing teachers.” Moskowitz, of course, was doing no such thing.
Ms. Finley continues with the latest entry to Weingarten’s enemy list:
This year, the union has added “Illinois Is Broke” to its blacklist because the group helped spread public awareness about the state’s pension debt. This is notable because the union’s stated goal last year was to target groups and money managers who supported “privatizing” pensions (i.e. 401(k)s). The union claimed that endorsing defined-contribution plans while managing public pension assets represented a conflict of interest. Never mind that money managers are actually performing a fiduciary duty by promoting reforms that make teacher pensions more secure.
Not mentioned in Finley’s piece was Weingarten’s recent attack on Gina Raimondo who, as Rhode Island treasurer, has done an admirable job reforming the state’s broken pension system. But from Weingarten’s standpoint, Raimondo needs to be taken to the woodshed for being a bad girl.
Her misdeed? She had the temerity to contract with Loeb’s Third Point, which happens to be the state’s top-performing hedge fund, as a way to bring cash into the pension fund’s sagging coffers. Two years ago, the Rhode Island State Investment Commission “shuttled $50 million to Third Point in a broader push to meet the commission’s target of a 7.5% return on investment.”
… Third Point yielded 24.7% over the last year while the retirement system returned 14%. Hedge funds as a class averaged 17.1%. If anything, the commission ought to be sending more money Mr. Loeb’s way, and retired state workers ought to send him champagne. (Emphasis added.)
Sad to say, Raimondo – who is running for governor – buckled, and said good-by to Loeb and his money-making hedge fund.
Then last Thursday, Weingarten popped up in Kiev, telling FoxNews that she went to Ukraine as part of a delegation of teacher union leaders from five nations (including the United Kingdom, Poland, Denmark and Bulgaria) as an act of solidarity and to “promote democratic values.” The cost of the trip was shared by AFT’s 1.5 million members and the Trade Union of Education and Science Workers of Ukraine. (I wonder how many teachers, most of whom are forced to pay union dues, are happy to see a part of their paychecks used to subsidize Weingarten’s European grandstanding.)
… “It’s always been a part of who we are,” said Weingarten. “I decided it was important enough to go, and the most important thing I’ve learned during this trip is that the Russian propaganda about how the Ukrainian government is fragile and destabilizing is totally and completely wrong.
Maybe instead of planning her ego-trip to Kiev, Weingarten should have been at a rally in Albany the week before, which was organized in response to New York City mayor Bill de Blasio’s assault on charter schools. In actuality, she wouldn’t be caught dead there. Weingarten is hardly a fan of charters and worse, the rally was organized by the dreaded Eva Moskowitz.
Ironically, Weingarten’s version of “democratic values” is really nothing more than collectivism which would eventually undermine the very government she claims to be supporting. For example, if she sincerely believed in “democratic values,” she would back a move to stop requiring teachers in most states to pay union dues for the right to teach in a public school, and at the same time stop forcing them to collectively bargain. And she would fight to get rid of the ridiculous industrial-style “step and column” method of paying teachers which treats them as interchangeable widgets and she would acknowledge that great teachers are worth more and should be paid more than their less talented brethren. And she would take a stand that seniority and tenure are arbitrary, unfair and even cruel methods (for both teachers and kids) to make staffing decisions. And she would ….
But no, making sure kids receive a good education and acknowledging teachers as true professionals are not priorities for Weingarten. She is much more interested in promoting her brand of collectivism and punishing political enemies. So although Ted O’Neil, spokesman for the Michigan-based Mackinac Center for Public Policy, suggested that instead of globetrotting, she would be better off trekking to Detroit and getting involved with the school district there, I’m thinking that a long stint in Kiev might be a better idea.
Larry Sand, a former classroom teacher, is the president of the non-profit California Teachers Empowerment Network – a non-partisan, non-political group dedicated to providing teachers with reliable and balanced information about professional affiliations and positions on educational issues.