As unions throw campaign cash around like it’s confetti, the New York Times‘ top labor reporter, Steve Greenhouse, makes an interesting point over at his blog:

If Mr. Obama wins in Iowa –­ and things are of course extremely fluid at the moment –­ many union leaders may say that they made the wrong bet just as many did after endorsing Dick Gephardt in 2004. He was trounced in the Iowa caucuses.

Yes and how many elections must one union lose, before you can it a union …