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 […]
Bob Cesca has posted the following chart, showing how the share of income labor sees is at a historic low: What’s interesting is how much the share dipped during the Bush years. During Clinton’s term, the rate was on the rise, after a substantial fall during the Reagan and Bush 41 years. So what does […]
It certainly isn’t if you have CEO behind your name and you work for a big corporation: Compensation received by chief executives of the biggest US companies surged 11 percent over the past 12 months — to $9.3 million on average, The Wall Street Journal reported. Citing a study conducted for the newspaper by management […]
As Americans scramble today to file their taxes, the GOP is looking for more ways to make that burden even higher on average Americans. Take Tea Party darling and habitual liar Scott Walker, Governor of Wisconsin. Taking a page from the elder Bush’s campaign, he vowed to never increase taxes. Of course that pledge only […]
Does your paycheck still make you cry? Do you wonder why the bosses are all giddy like high school girls? Well this could be why (via Think Progress): At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way […]
We hear it from Republicans all the time; “if a company has more money then they will hire”. It’s the basic premise they use to sell their plans for tax cuts. But the problem is that Republicans are dead wrong, and that is shown in this article: For months, companies have been sitting on the […]
As if this comes as any shocker: Corporate America finished the second quarter with “near-historic” profits, largely by cutting costs, laying off employees and streamlining operations, the Wall Street Journal reports. Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion, the WSJ says, the sixth-highest […]
A very interesting op-ed in today’s LA Times starts with: Congress should let the Bush tax cuts expire for the wealthiest Americans and use the additional tax revenues that are generated to invest in infrastructure and research. Now you probably think this is some whack, socialistic liberal or something. Of course you would be wrong. […]
Robert Gibbs has issued a statement trying to walk back his critique of the “professional left” in an interview with The Hill. Here’s Gibbs statement (via The Plum Line) I watch too much cable, I admit. Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout […]
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 […]