Tag: income

  While nearly everyone has acknowledged that the so-called Recovery has been pathetic at best, the implication that most people take for granted is that it is still better than the Great Recession.

  But is that assumption true?

 Take for example a very bottom line measurement – your paycheck.

 Median annual household income has fallen more during the recovery than it did during the recession, according to a new study from former Census Bureau officials Gordon Green and John Code. Between December 2007 and June 2009, when the U.S. economy was in recession, incomes declined 3.2 percent. While during the recovery between June 2009 and June 2011 incomes fell 6.7 percent, the study found.

 This situation won’t change anytime soon, as 9 in 10 Americans don’t expect to get a raise this year.

  That by itself should cast doubt on the assumption that this “recovery” is real, but there are other ways to measure it as well.

An occasion marked perfunctorily, but rarely beyond it by much of the media, yesterday was Equal Pay Day.  The day was so named to underscore how far into the calendar year it takes women to equal their male colleagues regarding income, which is well over four months.  Even when mentioned at all, few networks felt it necessary to spell out precisely how this inequality manifests itself, nor wished to show the persistent adversity faced by women who challenge established ways.  That would have required in-depth analysis and a panel of talking heads, which may have shed some light on the topic, though not necessarily.  Accordingly, it is a bit of an understatement to reduce the challenges that face women by referring to one, singular glass ceiling.  In reality, there are many glass ceilings.  Some of them are higher than others, and each of them has to be shattered in different ways.  Every industry has its own standards and historical gender makeup, and so strategies to equalize income between men and women will need to reflect this.

THE Question – Is America a Democracy or an Oligarchy?

Sen. Sanders:    “Right now, what ends up happening, is Big Money interests, whether in fact it is in oil and energy, whether it’s in prescription drugs . . .”

Dylan Ratigan:     “BP”

Sen. Sanders:    “Whether it is in banking, these guys have huge amounts of money, and the situation gets worse with the recent Citizens United Supreme Court decision, and anyone who stands up to the big money interests can expect a huge amount of 30 second ads against them. That’s the reality. Are we a Democracy, or are we an Oligarchy where the very powerful special interests exert enormous influence over our Government?”

Ratigan:     “What’s your answer to that question?”

Sen. Sanders:     “I think we’re an Oligarchy and I think it’s getting worse.”

   Much more, plus video and transcript below the fold.

Crossposted at Daily Kos

Exemption for Eating the Rich will be allowed for those who earn abovve $250,000k on proof of empathy.

Fact 1 – Rudy 9/11,9/11,9/11 Guiliani says a massive wealth transfer from “rich to poor” is taking place and that people who earn $250,000 + are “really struggling”. He also hopes health care reform fails.

GIULIANI: We already have major distribution of wealth going on in this country. … Redistribution of wealth, from rich to poor. The rich pay – the so-called rich. We’re talking about $250,000 or more in New York City. I know this is hard for people to understand. These people sometimes are two-earner families. They’re really struggling

thinkprogress.org

So, Rudy G declares more class war.

   My suggestion: Eat the rich.

   The fact is, the Wealthy Corporatists hate spending because it leads to taxes, which they can easily afford, but never mind that. I got mine, you can go fuck yourself. That seems to be the GOP plan, and it has been for the last 90 years.

   They don’t want health care reform, or anything at all, since they can afford it, so why can’t you.

   They have NO IDEA what real Struggling is.

   Go cry me a fucking river banker boy. You want to see struggling? It ain’t paying more for first class, it ain’t having your taxes go up 3%, it ain’t having the taxpayers pay for your bailout bonus. It is living in a tent under a bridge.

   Jeeves! Get me my tiny violin!