Archive for category American People

A Confluence of Events

I was sort of hoping somebody was going to hide marijuana joints all over my apartment for me to find and smoke tomorrow, but I doubt it’s going to happen. :(

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The Millionaire Party

Monopoly Man

Tonight on Chris Hayes’ MSNBC show Prof. Dorian Warren of Columbia University (citing the book White Collar Government by Nicholas Carnes) wondered aloud what it would be like if the millionaires formed their own political party, a party representing just 3 percent of Americans.

  • The Millionaire Party would already occupy the White House.
  • They would control the House of Representatives.
  • They would have a filibuster-proof majority in the Senate.
  • And the Millionaires would have a 5-4 Supreme Court majority.

While there is no such thing as the Millionaire Party, does it matter that the wealthiest Americans set the tax rates for the wealthy, that white-collar professionals choose the minimum wage for blue-collar workers, and that people who have always had health insurance decide whether or not to help those without? Could be.

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Connecticut Enacts $10.10 Minimum Wage

Chris Rock

Via Think Progress:

This week, the Connecticut General Assembly passed a bill to raise the state’s minimum wage to $10.10 an hour by 2017, and Gov. Dannel Malloy (D) signed it into law yesterday.

If implemented nationally, a $10.10 minimum wage would put it in line with where it would be if it had kept up with inflation since the 1960s, although far behind the increases in workers’ productivity since then. It would also lift nearly 5 million people out of poverty, close the gender wage gap by 5 percent, and reduce spending on public programs by tens of billions of dollars. There is also real world and academic evidence to suggest that it won’t hurt job growth and could benefit the economy.

Given that the November midterm elections (like 2010) are expected to be dominated by Faux-News-watching senior citizens, it really looks like President Obama will be the only president since FDR whose administration did not enact any increase in the federal minimum wage.

America needs a raise!

UPDATE:
After-tax profits for American corporations hit another record high last year, rising to $1.68 trillion. American workers have experienced a “lost decade” of wage growth, as their pay stayed flat or declined between 2000 and 2012, despite a 25 percent bump in productivity.

UPDATE:
Half A Million People With College Degrees Are Working For Minimum Wage

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Half of Americans are Poor or Low-Income

Poverty graph
Source: U.S. Census Bureau

h/t Paul Buchheit.

According to the U.S. Census Bureau’s Relative Poverty Measure (see Table 4), which is “most commonly used in developed countries to measure poverty,” 18 percent of Americans are below the poverty threshold and 32 percent are below twice the threshold, putting them in the low-income category. In other words, half of Americans are poor or low-income.

The bottom half of America own just 1.1% of the country’s wealth, or about $793 billion, which is the same amount owned by the 30 richest Americans. ZERO wealth is owned by approximately the bottom 47 percent.

Our politicians can either do something about inequality, or Americans will do something about our political system.

Recommended viewing: Jacob Kornbluth’s film “Inequality for All” with Robert Reich. Now on Netflix.

More info:
Inequality for All

UPDATE:
After-tax profits for American corporations hit another record high last year, rising to $1.68 trillion. American workers have experienced a “lost decade” of wage growth, as their pay stayed flat or declined between 2000 and 2012, despite a 25 percent bump in productivity.

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Best Political Cartoon of the Last Forty or Fifty Years

Modern “conservatives” pull over “the thinker”.

thinker

Says it all, don’t ya think?

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Robert Reich: The ‘Paid-What-You’re-Worth’ Myth

Inequality graphs

As usual, Robert Reich says it better than I could (emphasis added).

“Paid-what-you’re-worth” is a dangerous myth.

…The real difference is the GM worker a half-century ago had a strong union behind him that summoned the collective bargaining power of all autoworkers to get a substantial share of company revenues for its members. And because more than a third of workers across America belonged to a labor union, the bargains those unions struck with employers raised the wages and benefits of non-unionized workers as well. Non-union firms knew they’d be unionized if they didn’t come close to matching the union contracts.

Today’s Walmart workers don’t have a union to negotiate a better deal. They’re on their own. And because fewer than 7 percent of today’s private-sector workers are unionized, non-union employers across America don’t have to match union contracts. This puts unionized firms at a competitive disadvantage. The result has been a race to the bottom.

…The reason Wall Street bankers got fat paychecks plus a total of $26.7 billion in bonuses last year wasn’t because they worked so much harder or were so much more clever or insightful than most other Americans. They cleaned up because they happen to work in institutions — big Wall Street banks — that hold a privileged place in the American political economy.

…The “paid-what-you’re-worth” argument is fundamentally misleading because it ignores power, overlooks institutions, and disregards politics. As such, it lures the unsuspecting into thinking nothing whatever should be done to change what people are paid, because nothing can be done.

It’s not that working Americans are lazy/incompetent. Capitalists are greedy and powerful.

UPDATE:

Conservative Myths About the Minimum Wage, Debunked
Contrary to conservative myths, raising the minimum wage would boost the economy, benefit all workers, and won’t hurt consumers.

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Unemployment Displaces Dysfunctional Government As Top Problem in the U.S.

Gallup Poll

Gallup:

WASHINGTON, D.C. — Americans have a new No. 1 problem. Nearly one in four Americans mention jobs and unemployment as the most important problem facing the country, up from 16% in January. The government and politicians had topped the list since the government shutdown in October.

For the moment at least, right-wing Republicans have stopped deliberately trying to plunge us into another Great Depression. Maybe we can do start doing something about the mess they created. Too bad Dems have given up trying to re-take the House of Representatives. Howard Dean wouldn’t have given up if he were still in charge.

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$1 Trillion Farm Bill Another Victory For The 1 Percent

In the farm bill, Congress boosted the already-massive subsidies to agribusiness while screwing the poor. President Obama is expected to sign the bill into law on Friday.

Via DSWright on FDL:

The price tag for the Farm Bill comes in at nearly $1 trillion. Most of that money is designed to enrich the already rich. Remember that next time someone tells you the 1% hate “Big Government.” Because austerity and fiscal discipline speeches haven’t stopped wasteful programs– they have just given cover to cutting meager benefits for the poor.

Many so-called Democrats voted for an almost $9 billion cut to the SNAP (formerly Food Stamp) program, which takes away $90 a month from 850,000 of the nation’s poorest who seek help to buy groceries. This is in addition to the cuts already enacted late last year.

UPDATE: Food Stamp Cuts Signed Into Law

Republican legislators refused invitations to attend the signing ceremony because they wanted bigger safety net cuts.

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Americans Believe Our Economy is Broken

Unemployed

According to new polling by the Center for American Progress:

Nearly two in three Americans (64 percent) agree that “Most people who live in poverty are poor because their jobs don’t pay enough, they lack good health care and education, and things cost too much for them to save and get ahead.” By contrast, only 25 percent of Americans agree with a competing idea that “Most people who live in poverty are poor because they make bad decisions or act irresponsibly in their own lives.” Even white conservatives and libertarians prefer the structural explanation for poverty over the personal by a significant margin, 63 to 29 percent.

These results are not a surprise if you belong to the reality-based community. Economic conditions in this country are the worst since the Great Depression. Six years after the start of Bush’s Great Recession, there has been hardly any recovery at all for most Americans. According to research by Emmanuel Saez, an economics professor at the University of California at Berkeley, between 2009 and 2011 the top 1 Percent became 11.2 percent richer while the bottom 99 Percent got 0.4 percent poorer.

Long-term unemployment benefits expired for 1.3 million Americans on December 28. They were just a fraction of the 4.1 million people whom the Labor Department counted as unemployed for more than 26 weeks. Beyond the official long-term unemployed, more than 760,000 others are counted by the Labor Department as “discouraged,” meaning they have stopped looking for work (some economists think that the number may be higher).

It remains to be seen whether our broken political system can do much to fix our broken economy. Congress hasn’t even been able to agree on an extension of Emergency Unemployment Compensation, something that used to be routine.

UPDATE: Unemployment Is Falling For All The Wrong Reasons

One reason for the big drop in unemployment in December was that many, many people dropped out of the labor force — 347,000, to be exact. They stopped looking for work, which made them no longer “unemployed” in the eyes of the Bureau of Labor Statistics.

UPDATE: 50 Years Into The War On Poverty, Right-Wing Media Want To Give Up The Fight

Right-wing media have spent the last few years baselessly dismissing the decades-long push to alleviate poverty as not worth the fight, despite evidence showing that government efforts to reduce poverty have been successful.

UPDATE: Robert Reich: Today’s Jobs Report and the Scourge of Inequality

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Wheel of Fortune

Not meaning to be heavy, but people are going to be in the streets without food, while the childrens, childrens, children of the wealthy won’t have any idea how to spend the money.

W

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Magic Mirror

I love this song written by Leon Russell, which says:

Magic Mirror, if we only could, try to see ourselves as others would.

Briliant!

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A Case for The Elimination of Food Stamps. Charities Can Feed The Poor Without Government Help.

Children are starving in the U.S.As funny as it is informative.

Forbes Magazine guy makes the case that charities can feed the poor without gov’t help.

This is just another Christian – Tea Party – Libertarian meme of course.

But I’ve never heard it expresses with such certainty and seriousness. Forbes has finally jumped the shark with this clown.

 

 

 

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