class warfare

Why The 99% Matter

Posted 10/23/11 at 11:06am by jamie

Want to know what the outrage is about? Look no further than this:

Fifty percent of U.S. workers earned less than $26,364 last year, and those earning less than $200,000 per year - roughly 99 percent of Americans - saw their earnings fall a collective $4.5 billion.

There were fewer jobs, and overall pay was trending down -- except for the nation's wealthiest, who saw a boost.

While the incomes of the top 1percent of the country rose slightly in 2010 (from $1,909,874 in 2009 to $2,196,124 last year), their collective wage earnings rose dramatically, by about $120 billion.

Those earning at least $1 million a year (93,725 of Americans) reported payroll income totaling $224 billion - a rise of 22 percent above 2009.

And during this time American corporations have seen record profits and not been putting that money back into the economy. And how does the right (and some on the left) respond to this? They want to further decrease the tax burden of this 1% and shift that burden to the 99% who are struggling and watching their wages go down.

Class warfare? Hell yeah there’s a class warfare going on, but it’s not the one Eric Cantor wants you to think – it’s the exact opposite! The top 1% of this country is bilking the middle class for everything they got and the people are finally fed up with it. I just wish the rest of the country would wake up and stop listening to people like Rush Limbaugh (sitting comfortably in that 1%) and instead look at the facts. Limbaugh isn’t looking out for your interests or the interests of the country, he’s looking out for his own!

Cantor Accuses Obama Of Class Warfare

Posted 8/22/11 at 2:12pm by jamie

An op-ed that Eric Cantor wrote for yesterday’s Washington Post is very interesting, to say the least:

But the politics of division have reared up, fueled by efforts to incite class warfare. For example, though he often talks about millionaires, billionaires and corporate jet owners paying their “fair share,” behind closed doors the president admits to wanting to raise taxes on individuals making $200,000 per year and families and small businesses earning $250,000 per year.

Again we have a Republican leader worrying about only 2% of this country. What about the other 98% who don’t earn that much? How about the fact Eric Cantor voted for the Paul Ryan budget that essentially raises taxes on the middle and lower class, while cutting them on this 2%? I’m sorry, but if there’s a class warfare going on, it is being caused by Eric Cantor and his party.

But this is to be expected. Cantor is another example of those who forget about history. We are talking about deficits here and not to long ago the right seemed to not mind those deficits one bit:

As President Bush sent his budget to Capitol Hill Monday, a split opened among congressional Republicans between those who are still deficit hawks and an increasing number, including top leaders, who no longer see deficits as the touchstone of fiscal probity.

How The Tea Party Got Duped

Posted 7/5/11 at 2:46pm by jamie

Today's New York Times:

Just when freshman House Republicans have finally learned their way to the Cannon Caucus Room, how to vote on a motion to proceed and which commissary serves the best tuna sandwiches, someone back home — worse, someone from their own party — wants to take it all away.

“I am taking a serious look,” said Weston Wamp, who is pondering a primary challenge to Representative Chuck Fleischmann, in his first term from Tennessee. Mr. Wamp said he was inspired by his father, Zach, who served in the House for many years. “My experience through my dad was seeing the very best of what public service can mean.”

It is miles to go before the 2012 Congressional races begin in earnest, but already some of the 87 freshmen who helped the Republicans win back the House last year are bracing for a challenge from within the party. At least half a dozen potential primary challengers to freshmen are considering a run, and there is heated chatter about more.

So what kind of freshmen could they be talking about? Well how about Rep. Mike Kelly (R-PA). Kelly was endorsed by the Tea Party and even coined a "real Tea Party candidate". But look at what Mike Kelly thinks of corporate welfare:

MODERATOR: This question is from Joshua from Erie. How can you justify continuing subsidies for oil companies with record profits while cutting vital services for working families? Oil companies don’t need subsidies and working families shouldn’t have to pay for them with…

Who Cares About The Deficit?

Posted 8/3/10 at 9:13am by jamie

Apparently not the Republicans. Check out Eric Cantor admitting that extending the Bush tax cuts will increase the deficit:

Transcript (via Think Progress):

GUTHRIE: [W]ill you just as simply acknowledge that passing these tax cuts worsens the budget deficit problem? I mean, you can’t deny that, right?

CANTOR: Savannah, let’s look at it through the prism of the working families seeking jobs and the small business people who are creating them. It’s not a tax cut they’re looking for. They don’t want a tax hike. And that’s –

GUTHRIE: But that wasn’t my question. … I just was wondering if you had any dispute with the notion that it does exacerbate the deficit picture?

CANTOR: Well, what I said in the beginning is, if you have less revenues coming in to the federal government, and more expenditures, what does that add up to? Certainly you are going to dig the hole deeper, but you also have to understand if the priority is to get people back to work, is to start growing this economy again, you don’t want to make it more expensive for job creators.

10% Tax On Tanning Beds!

Posted 12/19/09 at 12:50pm by jamie

Or as I will now refer to it as – the Boehner tax:

      1. Section 500B - New 10% tax on indoor tanning! Note, this REPLACES the "botax" on elective cosmetic surgery contained in the underlying bill.

This is actually a way of sticking it to the working class once again. Tanning beds get most of their business from working class people, where as botax and plastic surgery is for the more well off. So we have the Democrats screwing over the poorer people while giving the richer a pass.

If they make it a tanning bed tax, because their are medical implications from the service, and keep the “botax” section in there also then I can get behind that, but changing the language to like this is another attempt at class warfare from the Congress.

Protect The Rich!

Posted 12/15/08 at 9:06am by jamie

Lottery_Money_Bags That has been the mantra of the Bush administration and Republicans for year, and it was even included in the TARP:

Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules.

But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said. The change stipulated that the penalty would apply only to firms that received bailout funds by selling troubled assets to the government in an auction, which was the way the Treasury Department had said it planned to use the money.

Now, however, the small change looks more like a giant loophole, according to lawmakers and legal experts. In a reversal, the Bush administration has not used auctions for any of the $335 billion committed so far from the rescue package, nor does it plan to use them in the future. Lawmakers and legal experts say the change has effectively repealed the only enforcement mechanism in the law dealing with lavish pay for top executives.

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