Archive for category Economy
It’s always there, the lack of empathy on the part of right-wing extremists. We all remember the GOP presidential debate audience that cheered for letting people die without health insurance. More recently, we’ve seen an eruption of fear and hatred on the right directed at children fleeing the violence in some Central American countries.
Today we have the story of a California man who came home and discovered two burglars in his house.
“The lady, she couldn’t run as fast as the man, so I shot her in the back twice,” Greer explained. “She’s dead, but he got away.”
“She says, ‘Don’t shoot me, I’m pregnant! I’m going to have a baby!’ And I shot her anyway,” Greer said.
John Amato attempted to explain the “vile behavior” of wingers as an effort to emulate their heroes, the rich:
The thing about right-wing populism is that it’s manifestly self-defeating: those who stand to primarily benefit from this ideology are the wealthy, which is why they so willingly underwrite it. It might, in fact, more accurately be called “sucker populism.”
The 1 Percent want to keep us afraid, desperate, and divided by ignorance and prejudice. Otherwise, Americans might decide to blame Wall Street for crashing our economy. We might demand an end to pointless wars, or want to get rid of tax laws that are unfair to the middle class. We might realize that government health insurance is the best kind. Who knows, we might even want other good things from government such as infrastructure improvements, Internet access, cheap renewable energy programs…
California 80-year-old satisfied after gunning down fleeing pregnant home intruder
Hey, gun nuts: Shooting someone who is running away in the back is not self-defense
Fox hosts outraged that Texas 911 operators are ‘forced’ to help dying non-English speakers
Tea Party town hall erupts as Texas state Rep urges ‘compassion’ for migrant kids
According to the description on this YouTube post, Michael Moore didn’t make any money off this film, even though it’s another masterpiece by the worlds best documentary artist who has a knack for making people laugh at tragedies which must be fixed.
I hope I’m not helping to deprive Mr. Moore of any earnings, but he is known for not trying to squeeze every last penny from his works, and just wants to help America break free from the capitalist’s embarrassing stranglehold on the citizens who worked really hard to get them where they are.
You should buy the film on Blue-ray to get the extras, which add greatly to the film and offer solutions by American businesses and leaders who want to do things to bring capitalism back into a workable sphere.
Via Think Progress:
You’re lucky if you have today off. That’s because unlike 13 other developed countries, we don’t guarantee that workers get any paid holidays.
If you took the week before the Fourth off or even extended the long weekend with a few paid vacation days, you are also lucky. Nearly a quarter of American workers don’t get any paid vacation time, and that figure has actually grown over the past two decades. And low-wage workers are even less likely to get the benefit, as just under half of them receive it, compared to 90 percent of high-wage workers. In fact, the United States is the only advanced country in the world that doesn’t require companies to offer paid vacation days.
Even when vacation days are available, employees are often afraid to use them.
…GOP economics is as bunk as everything else they do.
Despite the constant claims that paying people enough to actually live will destroy jobs, on average the states that raised the minimum wage are seeing higher than average job growth.
This could very well be due to other factors, and not because of the minimum wage, but certainly the minimum wage isn’t killing jobs.
Actually, turns out there is more evidence, and when we add that we start to see actual trends. As the Washington Post points out, raising the minimum seems to create jobs.
Naturally facts won’t change the arguments from the right. But I already wrote about that.
With the May jobs report, the U.S. economy is now back to pre-recession levels of employment. It took more than six years to climb out of the hole George W. Bush put us in (by “us” I mean everyone except the Wall Street millionaires and billionaires who are guilty of precipitating the collapse of the financial sector). That’s nearly as long as it took to recover from the Great Depression in the 1930s. On the Calculated Risk Blog, Bill McBride says, “I’ll be retiring the graph many called the ‘scariest jobs chart ever’.”
Although employment numbers have come back, (1) That only gets us to the same number of jobs we had in 2007, not to where we would have been without Bush’s Great Recession; (2) Unemployment would be higher than 6.3% if we counted the discouraged workers; and (3) Our economy has replaced too many living-wage jobs with low-wage jobs.
Jim Hightower, on AlterNet:
Employment rose by 217,000 jobs in the month of May, according to the latest jobs report — and that brought us up to 8.7 million. That is how many new jobs the American economy has generated since the “Great Recession” officially ended in 2009 — and it also happens to be the number of jobs that were lost because of that recession. You can break out the champagne, for the American economy is back, baby — all of the lost jobs have been recovered!
…Now, let’s move on to the value of those jobs that have economists doing a happy dance. As a worker, you don’t merely want to know that 217,000 new jobs are on the market; you want to know what they’re worth — do they pay living wages, do they come with benefits, are they just part-time and temporary, do they include union rights, what are the working conditions, etc.? In other words, are these jobs … or scams?
So, it’s interesting that the recent news of job market “improvement” doesn’t mention that of the 10 occupation categories projecting the greatest growth in the next eight years, only one pays a middle-class wage. Four pay barely above poverty level and five pay beneath it, including fast-food workers, retail sales staff, health aids and janitors.
…To measure the job market by quantity — with no regard for quality — is to devalue workers themselves. Creating 217,000 new jobs is not a sign of economic health if each worker needs two or three of those jobs to patch together a barebones living — and millions more are left with no work at all.
h/t The Raw Story (Click on the X to make the ad go away)
Faux News host Bill O’Reilly chided his colleague Megyn Kelly on Thursday for saying income inequality might be a potent issue for Democrats in 2016, and predicted that Elizabeth Warren wouldn’t run for President because “all she wants to do is sell her dopey book.”
“You’re buying into this fraud, Kelly, and I’m very disappointed, so listen to the master,” O’Reilly told Kelly. “You worked your way up. Was there any war on you? Did anybody declare war on you?”
“I just destroyed this inequality myth,” O’Reilly concluded.
We didn’t really need more proof that Faux News inhabits an alternate universe, but here it is anyway.
I get tired of moaning and groaning about our broken political system, so here’s something I found that gives me hope for America.
Germany is making us look bad, because some thirty years after we passed up the chance to lead the world in solar energy, that country is astounding the world with what it’s been able to do with solar in a very short time.
This looks like a chance for America to lead the way yet, with – job creating – American made technology that the world would love to have. I realize this is a promotional video which is most likely not pointing to many downsides of their product, but can’t we just try it? It seems much simpler then going to the moon, and we’re all tired of the oil spills; most of which we never even hear about, because the stories are mostly banned from the media.
Check it out. There are lots of other videos on the subject, including a “TED” talk by the inventor, which I haven’t had time to watch yet.
UPDATE: Here’s the TED talk from Scott Brusaw and one other video.
Via Think Progress:
Just 22 percent of those who ended up unemployed for six months or longer during the 2008 recession found steady, full-time work by the beginning of 2013, according to a new analysis from Princeton professor Alan Krueger as reported by the Wall Street Journal.
Looking at a Census Bureau survey of households between 2008 and 2013, he found that the rest of the long-term unemployed weren’t faring very well. The largest share, 35 percent, had dropped out of the labor force altogether, either giving up on finding a job, going back to school, retiring, or choosing some option other than job hunting. While 28 percent had found some employment, it wasn’t steady or full time. Another 14 percent were still unsuccessfully job hunting five years after they lost their jobs.
Republican economic sabotage is working. They killed public sector jobs. They cut off unemployment benefits six months ago. They are constantly crying about “The Obama Economy” (if only Dems knew how to frame issues that effectively!) Most of the new jobs being created are low-wage jobs with no benefits. It’s been 7 years since the last time Congress raised the minimum wage. President Obama has to go beyond giving speeches about job growth, and hoping corporations will do the right thing.
That said, let’s remember that the Obama administration has created more than 8.7 million jobs, compared to 1.1 million during Bush’s entire two terms. Bush was the first President since Herbert Hoover to have a net loss of jobs. GDP was going down when Bush left office. Republicans in Congress have prevented the Obama administration from doing enough to repair the economic devastation left by Bush.
Douglas Holtz-Eakin, former director of the Congressional Budget Office and economic adviser on Senator John McCain’s 2008 presidential campaign, offers a series of graphs that compare the so-called “recovery” from Bush’s Great Recession to the dead parrot of Monty Python fame (though Holtz-Eakin doesn’t credit the classic “Dead Parrot Sketch”).
For anyone not familiar with Monty Python, the “Dead Parrot Sketch” involved a pet shop employee who steadfastly refuses to believe a customer’s contention that the parrot he was sold is in fact deceased.
The government’s official reading of domestic growth clocked in at a puny annual rate of 0.1 percent, falling short of even the most modest expectations.
In the series “The Secret Life of a Food Stamp,” Marketplace reporter Krissy Clark traces how big-box stores make billions from the federal Supplemental Nutrition Assistance Program, aka food stamps. What’s more, the wages of many workers at these stores are so low that the workers themselves qualify for food stamps—which the employees then often spend at those big-box stores.
This video crunches the numbers on how much Walmart, the single biggest beneficiary of the food stamp economy, might have to raise prices across the board to help a typical worker earn a living wage.
Are safety-net programs designed to help struggling Americans padding corporate profits at taxpayer expense? BTW friends don’t let friends shop at Walmart.
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!
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.