A WORD FROM PRESIDENT JACQUES LOVEALL
Our elected officials panicked and hastily passed an ill-conceived bill that could have painful consequenses.
The devastation of our financial system paints a tragic picture of unregulated greed and its effects.
I am sickened so many of our elected officials once again awarded the multi-millionaires whose reckless, self-enriching behavior caused this crisis in the first place.
Where’s the accountability? Where is the “bailout” for the millions of Americans who are hurting?
For decades, we’ve been told that we can’t afford to help children in poverty or make decent care available to the 50 million Americans who don’t have health insurance. Money couldn’t be found to fix our schools and our Social Security system. It’s too expensive to provide adequate assistance to veterans and victims of natural disasters.
And yet we’re able to find $700 billion to bail out Wall Street!
As Investment Chair of the UFCW Northern California Pension Trust Fund, I understand the importance of stable and growing markets. I also understand that important decisions on complicated issues must be made with care, based on thoughtful research and analysis.
I didn’t see much care and thoughtfulness in the days preceding the House and Senate votes on the bailout. After the House’s initial rejection of the bill, the legislation was reworked and passed within four days.
What we’ve gotten is a hodgepodge. It is hardly a blueprint for sound economic policy.
On Sept. 30, I wrote a letter on behalf of our members to the House and Senate, urging them to consider letting the next President — someone who has a fresh mandate from the American people — guide our nation out of the mess that was left by the current administration.
I told them that any bailout of Wall Street should be part of a comprehensive plan to assist our struggling middle and lower classes.
One notion I submitted for consideration is a United States Real Estate Corporation (USREC), in which taxpayers would receive stock in bailed-out corporations. The amount of stock would be proportionate to their families’ tax burdens in connection with the bailout.
This plan would create an open market in which those who would like to invest further in America’s future can do so easily. It would give Americans a greater voice in exchange for their contributions and sacrifices.
And it would help assure taxpayers that they could eventually see a return on their investment.
For too long, the concept of an “ownership society” has been abused to promote the interests of the wealthy over the needs of everyone else. It’s time to give all Americans a greater chance to own a piece of their country’s future.
I pledge to use the energies of this office to ensure our membership and all taxpayers are shown the consideration they deserve as this process moves forward.
Solidarity works!
UFCW 8-Golden State
Jacques Loveall: A Union Man for Life
"If we educate our younger members, respect the contributions of our older members and honor the sacrifices of those who came before us, our Union will thrive forever,” - President Jacques Loveall
“We have an extraordinary history of establishing dignity and justice in the workplace.”
Loveall has been involved with the UFCW since before the day he was born. “I attended my first International convention in my mother’s womb and have been to every one since,” Loveall said.
Loveall officially joined the Union when he began working for Alpha Beta bagging groceries in 1977.
Being a Union member at a young age was natural for Loveall, being one of seven children in a family with several generations steeped in Union history and tradition.
A Lifetime with the Union
After working in the supermarket industry for several years, Loveall served for four years as an Organizer for the UFCW International Union. He then became a Union Representative for UFCW 588, working extensively in the organizing department in the 1980s and becoming its Organizing Director in 1990. He became Executive Vice President in 2001 and President in 2004.
Today, as President of UFCW 8-Golden State, Loveall leads the largest UFCW affiliate in the Western United States, with 30,000 members.
Loveall was on the International Union’s first “Committee for the Future” and was appointed by the president to the National Bargaining Strategy committee. He is also active with the Change to Win Federation.
Loveall is an innovator in the use of multimedia, videos in particular, to educate members and the general public on core Union principles.
In addition, Loveall is chairman of Group Administration and the UFCW Northern California Pension Fund and is a trustee of the UFCW Northern California Health and Welfare Fund and the International Foundation of Employee Benefit Plans.
Loveall serves on the International Executive Board of the Northern California Joint Labor Management Committee.
Loveall also serves on the California Labor Federation’s Advisory Committee, the Sacramento Labor Council’s Regional Organizing Committee and the boards of the Loveall Foundation for Children and the Coalition to Advance Working Women.
He founded UnionOnline, a technology development group serving the needs of Organized Labor.
“The tireless commitment of our Union Reps and growing enthusiasm of our membership assures our success going into the future,” Loveall said.
“We have an extraordinary history of establishing dignity and justice in the workplace.”
Loveall has been involved with the UFCW since before the day he was born. “I attended my first International convention in my mother’s womb and have been to every one since,” Loveall said.
Loveall officially joined the Union when he began working for Alpha Beta bagging groceries in 1977.
Being a Union member at a young age was natural for Loveall, being one of seven children in a family with several generations steeped in Union history and tradition.
After working in the supermarket industry for several years, Loveall served for four years as an Organizer for the UFCW International Union. He then became a Union Representative for UFCW 588, working extensively in the organizing department in the 1980s and becoming its Organizing Director in 1990. He became Executive Vice President in 2001 and President in 2004.
Today, as President of UFCW 8-Golden State, Loveall leads the largest UFCW affiliate in the Western United States, with 30,000 members.
Loveall was on the International Union’s first “Committee for the Future” and was appointed by the president to the National Bargaining Strategy committee. He is also active with the Change to Win Federation.
Loveall is an innovator in the use of multimedia, videos in particular, to educate members and the general public on core Union principles.
In addition, Loveall is chairman of Group Administration and the UFCW Northern California Pension Fund and is a trustee of the UFCW Northern California Health and Welfare Fund and the International Foundation of Employee Benefit Plans.
Loveall serves on the International Executive Board of the Northern California Joint Labor Management Committee.
Loveall also serves on the California Labor Federation’s Advisory Committee, the Sacramento Labor Council’s Regional Organizing Committee and the boards of the Loveall Foundation for Children and the Coalition to Advance Working Women.
He founded UnionOnline, a technology development group serving the needs of Organized Labor.
“The tireless commitment of our Union Reps and growing enthusiasm of our membership assures our success going into the future,” Loveall said.
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