dangerous practice

America's Economic War

Posted 1/23/07 at 4:39pm by jamie

If I were a shareholder of a corporation and heard news that the corporation paid a CEO $14 million to be fired (this is what the Gap just did), my stock would instantly be sold. Sadly this is something we hear about more and more.

Luckily we have a Democratically controlled Congress, and one Representative Barney Franks who now chairs the House Financial Services Committee, to try and make changes to this horrible system. Rep. Franks was on FOX news a few weeks ago trying to explain how he wants to put more power in the hands of the shareholders. Of course Neil Cuvato wouldn't here of anything like that:

Cuvato constantly tried to reword what Frank's was saying and making it out like Barney was trying to hurt the poor little CEO's.

This country has taken a very damaging turn in terms of economic fairness. In 1980, the average CEO earned 42 times what the average employee in his company made. Today he earns more than 300 times (more than a 600% increase). This dangerous practice is quickly creating a larger gap between America's working class and upper class.

Another Look Into 'King' George

Posted 4/30/06 at 11:04pm by jamie

The Bush dictatorship is in full swing and today the Boston Globe takes a look at how it got to this point:

President Bush has quietly claimed the authority to disobey more than 750 laws enacted since he took office, asserting that he has the power to set aside any statute passed by Congress when it conflicts with his interpretation of the Constitution.

Among the laws Bush said he can ignore are military rules and regulations, affirmative-action provisions, requirements that Congress be told about immigration services problems, ''whistle-blower" protections for nuclear regulatory officials, and safeguards against political interference in federally funded research.

Legal scholars say the scope and aggression of Bush's assertions that he can bypass laws represent a concerted effort to expand his power at the expense of Congress, upsetting the balance between the branches of government. The Constitution is clear in assigning to Congress the power to write the laws and to the president a duty ''to take care that the laws be faithfully executed." Bush, however, has repeatedly declared that he does not need to ''execute" a law he believes is unconstitutional.

Former administration officials contend that just because Bush reserves the right to disobey a law does not mean he is not enforcing it: In many cases, he is simply asserting his belief that a certain requirement encroaches on presidential power.

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