11:55 am Dec. 12, 2011
Teamsters Local 237 President Gregory Floyd, who is one of many people considering running for mayor, is out with a radio commercial criticizing Comptroller John Liu's plan to merge the management of five city pensions.
Since the announcement, union leaders complained they haven't gotten enough information about it. But none have been more vocal than Floyd. He says there is a lack of specificity about what the deal entails, and now worries pensions won't have proper oversight.
The shop that produced Floyd's radio as is Sheinkopf Ltd., whose founder, Hank Sheinkopf, has had a long history of opposing a consultant working with Liu, George Arzt.
Jason Horowitz described them as "two of the city's best-known political guns" and "sworn enemies."
Here's the script for the ad:
You’ve probably heard an awful lot about New York City Comptroller John Liu and his affairs.
The scandal. The indictment and arrest of his fundraiser. The federal investigation of his campaign.
Now we learn that John Liu has a plan to deliver your tax dollars, with limited oversight, to Wall Street bankers.
Liu’s plan would let Wall Street bankers control 150 billion of tax payer funds, New York’s pension and retirement accounts.
Wall Street. Yes. The same gang many believe responsible for the worst economics locally and nationally since the great depression.
The comptroller is elected by the people to watch our money. But Liu wants to give that job to people you’ve never met and might not trust.
Why is John Liu doing this? Liu said because the city will make money. But Liu’s chief deputy said point blank his boss was just plain wrong.
John Liu. He’s all wrong. Remember that Liu wants to give Wall Street bankers your money. On top of everything else.
Paid for by Local 237 Teamsters, Gregory Floyd President