It looks like it. The AFL-CIO has a new president. His idea for the economy is to chant clichés about the greed of Wall Street and to ask that banks do the same things that got us in this financial mess in the first place. According to the New York Times:

As one of his first acts as the new president of the A.F.L.-C.I.O., Richard L. Trumka led a rally on Wall Street on Tuesday to protest the “apostles of greed” and to back President Obama’s push for increased financial regulation.
Speaking before a modest crowd, Mr. Trumka issued repeated warnings that the labor movement would battle the nation’s bankers if they did not do more to lend to homeowners and small business and to create jobs.
Repeatedly using populist rhetoric to hammer the financial community, Mr. Trumka said, “We are here today to demand more accountability from our financial system — from Wall Street — from Masters of the Universe who speculate in phony instruments rather than invest in the real economy.”

Read the rest of the nonsense this guy has to say here.