Thursday, June 09, 2005

Social Economics For Dummies


More than half of Americans now belive the war on Iraq has done nothing to make them safer (and nearly 3/4 think the number of casualties is "unacceptable"). Focus has started to shift to Fearless Leader's economic clusterf**ck. The debt is still rising and the job rate is still in the shitter:

Since Great Depression no other president who served at least 52 months has overseen a net loss in private sector jobs through this point...Through May 2005 private sector jobs are down 24,000. - Center For American Progress

But job loss is just the tip of the iceberg. Corporate tax cuts increasingly widen the gap between the classes:

Consider also that the average wage of the American worker has stagnated -- and even declined slightly -- since the end of the recession in 2001. In the meantime the ratio of CEO pay to the wages of an average worker has skyrocketed from 145:1 in 2002 to 240:1 last year. - Tim Dickinson on the RSBlog

And the rich get richer:
Those earning more than $10 million a year now pay a lesser share of their income in these taxes than those making $100,000 to $200,000. - NY Times

1 Comments:

At 08:24, Blogger Reeno said...

Here's something I yanked from yesterday's Letterman top 10:
Top Ten Ways George Bush Can Regain His Popularity

10. Dip into social security fund to give every American free HBO

9. Use diplomacy to bring peace to Brad, Jen and Angelina

8. Try fixing Iraq, creating some jobs, reducing the deficit and maybe capturing Osama

7. Figure out a way for the Yankees to win a game

6. Replace his "country simpleton" persona with more lovable "hillbilly idiot" image

5. Use weekly radio address to give Americans a Van Halen twofer

4. Get Saddam to switch to boxers

3. Ditch the librarian and make Eva Longoria First Lady

2. Resign (this is my personal favorite)

1. Jump on Oprah's couch while professing his love for Katie Holmes

 

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