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Jun
2015
19

On Daily Show, Bill Clinton Touts Building Trades, AFT Pension Investments and Greening of Buildings

Bill Clinton Building Trades Daily Show

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Appearing on The Daily Show with Jon Stewart, former President Bill Clinton took some time to talk about the Clinton Global Initiative, specifically noting the success of a Building Trades program which came to fruition following a conversation with AFL-CIO President Richard Trumka.  The program uses union pension funds to create retrofitting jobs for union members.

In 2011, Clinton partnered with North America’s Building Trades Unions and the American Federation of Teachers, who collectively made a $10 billion pledge for just three years of work.  At the time of the announcement, the AFT’s Randi Weingarten noted that:

“Every time a pensioner gets a dollar of his or her pension, two and half dollars are put back into our communities. That’s America’s public employees taking the money they’ve earned over their lifetimes and investing it back in the community.”

On The Daily Show, Clinton promoted the program as an example of “one that worked” for American workers.  Here is video of the second part of Bill Clinton’s visit to the Daily Show, including his story about the Building Trades:

Clinton:  They made a commitment that they would organize $10 billion in investments in building retrofits.  Now, I was on President Obama’s council with all of these big business people and that’s more than they spent all together.

Clinton: In the first 5.6 billion they created 50,000 jobs and trained 900,000 people across America how to do this type of work.

Stewart: And these are good trade jobs? These are middle class jobs.

Clinton: Yeah, great jobs, and you know you can’t ship these jobs overseas because the buildings are here.

For more information about these types of investments, peruse our stories regarding the AFL-CIO’s Housing Investment Trust (HIT) work.

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