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Friday, March 8, 2013
Wall Street Gains v. Main Street Pains
“The benchmark Dow Jones industrial average reached an all-time high Tuesday, underscoring the contrast between corporate America’s rapid recovery since the financial crisis and the rest of the country’s ongoing struggle to regain its footing.”
Dow hits record high as markets are undaunted by tepid economic growth, political gridlock - Washington Post
Can corporations really be capitalizing off of the pain on main street? You bet. “Companies that sell discount goods to low-income buyers struggling with lean employment prospects, such as Walmart and Family Dollar, are racking up enormous sales, sending their stock prices higher as they enjoy success from distress.”
As Stock Market Soars, Companies Capitalize On Income Inequality - Huffington Post
At least there are a few people in Washington who are still trying to fight Wall Street Abuses.
Sens. Warren, Merkley Blast Regulators For Making Wall Street A ‘Prosecution-Free Zone’ - Think Progress
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Monday, March 4, 2013
Yet Another Manufactured Crisis, Brought to You by the GOP in Congress.
“A temporary budgetary measure funding the government expires March 27, and if the parties cannot reach an agreement on continued funding by then, the government will shut down.” It’s a funny thing that so many members of Congress call us lazy and takers when all they do is sit around and collect their salaries, which come out of our pockets.
Sequester blame game continues as government shutdown looms - CBS
President Obama said that preventing the government shut down is the “right thing to do.” If only Congress was equally concerned about doing the right thing.
Preventing government shutdown is "right thing to do:" Obama - Reuters
On Sunday, John Boehner also discussed the need to avoid a government shut down. Unfortunately, if history tells us anything, the GOP will take the country’s fiscal health hostage to get their way before agreeing to anything.
Deal to avert government shutdown likely, officials say - Washington Post
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Friday, March 1, 2013
Low-Wage Nation
“…one of the most disturbing trends of the recession is still very far from being reversed. America’s middle-class jobs have been decimated since 2007, replaced largely by low-wage jobs…Low-wage occupations paying less than $13.83 per hour have utterly dominated the recovery, with 58 percent of the job gains since 2010.”
How the recession turned middle-class jobs into low-wage jobs - Washington Post
“Even after weighing all the minuses against the pluses, economists say raising the minimum wage is worth the cost. A majority of economists said the benefits to low-wage workers of raising the minimum wage outweigh the possible negatives.”
Economists Say Raising The Minimum Wage Is Worth It: Poll - Huffington Post
Sheila Bair, the George W. Bush-appointed chairwoman of the Federal Deposit Insurance Corporation from 2006 through 2011, wrote in a recent oped that her party should embrace reducing income inequality. We agree that income inequality should be immediately addressed, but good luck getting the rest of the GOP on board.
Why Republicans Should Take on Inequality - Bill Moyers
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Wednesday, February 27, 2013
GOP: The New Nero, Fiddling While the Middle Class Burns.
The middle class is in a state of crisis. “Huge tax giveaways to corporations and the wealthy, near catastrophic deregulation of all aspects of our economic system, and free trade practices that have seriously damaged the country,” are crushing the middle class. If we don’t reverse these policies soon, there might be no middle class left.
Reverse the Policies that Are Destroying the Middle Class - Huffington Post
Don’t bank on Congress working to help solve the problems that are hurting the middle class. They won’t even take action to avert the upcoming sequester. Turns out the House GOP will do just about anything (including putting our service members and other middle class families on the chopping block) to save their rich buddies from losing their precious tax loopholes.
Wonkbook: Congress is doing nothing about the sequester - Washington Post
If you don’t know just how terrifying the sequester is, here are five of the scariest things about it (though the list is hardly comprehensive).
The Five Most Terrifying Things about the Sequester - American Prospect
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Monday, February 25, 2013
Complete Guide to the Sequester
“The spending cuts, also known as the “sequester,” are a direct result of a long push by conservatives to take the nation’s economy hostage in order to secure massive, harmful spending cuts.” These cuts will devastate our economy and could put us into another recession. Instead of working together to fix the problem, members of Congress are busy trying to position themselves to not take the blame for the fall.
The Impact of the Sequester on Communities Across America - Center for American Progress
Instead of fixing the problems of our country, the far Right continues to manufacture fiscal problems. These cuts will slash thousands of workers’ wages, deny educational opportunities to our children, and will even increase travel times as The Federal Aviation Administration's budget will be cut.
The US sequester: your essential guide to the looming spending cuts - The Guardian
Are you ready for another recession? Times are tough enough already for hard-working Americans. Why is Washington trying to make it even harder on us?
Obama warns looming sequester would devastate economy - MSNBC
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