In this ("Card Check") Corner...Warren Buffett

Round 1 of the battle over the so-called "Employee Free Choice Act" (EFCA) is winding down as round 2 begins with the introduction of the legislation in both chambers of Congress today. And what a bout it will be...here are just a few things we have learned about EFCA in just the past few days:

• A new study by economist Dr. Anne Layne-Farrar demonstrates that if EFCA passed today and resulted in an increase in unionization from the current rate of about 12% to 15%, unemployment a year from now would rise by 1.5 million, to 10.4 million
• House Speaker Nancy Pelosi (D-CA) has signaled that the House will wait for the Senate to pass EFCA before taking up the bill (guess some politically vulnerable House members don't want to risk their necks to vote for EFCA, only to then see the bill die in Senate)
• Proponents of the bill contend that once Democrat Al Franken is certified as the winner of the Minnesota Senate battle, he will be the 60th vote needed to end any filibuster and guarantee passage of the legislation
• Noted investor (and Obama supporter) Warren Buffett is "against card check, to make a perfectly flat statement"

The gloves are on and NEMA is ready to spar - will you step into the ring?