Middle class screwing continues

Duff Miver

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And the rich get richer -

shrinkingworkers.jpg


Workers? share of national income plummets to record low

By Zachary Roth

Over the last decade, the share of U.S. national income taken home by workers has plummeted to a record low.

Check out the chart above, compiled by the Labor Department, and posted this week by conservative writer David Frum. It shows that the decline began with the brief recession that followed 9/11 in 2001. But it continued even as the economy picked up again, and got even worse once the Great Recession hit. In the weak recovery since then, workers' share of income just kept on falling.

Why are workers taking home such a reduced share of the pie? Opinions differ, but many experts think that the trend has to do with a number of factors, including a decline in the bargaining power of labor, and increased competition from foreign workers. Similarly, over the last year or so, U.S. companies have made record profits, while unemployment has stayed high and wages have barely risen.

The chart jibes with other data, which show that since the 1980s, income for the richest 1 percent of Americans has exploded, while hardly budging at all for everyone else.

Still, there's little sense that either Obama administration or Congress plan to do much about this growing inequality. Indeed, any serious action to boost the economy and cut unemployment now seems to be off the table.


and, doggie dumbshit, see if you can figure out where this chart is from - (hint, the source is printed right on the face of the chart)
 
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Cie

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And the rich get richer -

shrinkingworkers.jpg


Workers? share of national income plummets to record low

By Zachary Roth

Over the last decade, the share of U.S. national income taken home by workers has plummeted to a record low.

Check out the chart above, compiled by the Labor Department, and posted this week by conservative writer David Frum. It shows that the decline began with the brief recession that followed 9/11 in 2001. But it continued even as the economy picked up again, and got even worse once the Great Recession hit. In the weak recovery since then, workers' share of income just kept on falling.

Why are workers taking home such a reduced share of the pie? Opinions differ, but many experts think that the trend has to do with a number of factors, including a decline in the bargaining power of labor, and increased competition from foreign workers. Similarly, over the last year or so, U.S. companies have made record profits, while unemployment has stayed high and wages have barely risen.

The chart jibes with other data, which show that since the 1980s, income for the richest 1 percent of Americans has exploded, while hardly budging at all for everyone else.

Still, there's little sense that either Obama administration or Congress plan to do much about this growing inequality. Indeed, any serious action to boost the economy and cut unemployment now seems to be off the table.


and, doggie dumbshit, see if you can figure out where this chart is from - (hint, the source is printed right on the face of the chart)


We need new leadership at the executive and legislative levels imo. 9 out of 10 career politicians suck.
 

Duff Miver

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We need new leadership at the executive and legislative levels imo. 9 out of 10 career politicians suck.

Yep. They're a bunch of self-serving arrogant turds. They think they can get away with anything (Anthony Weiner), steal like dogs (Duke Cunningham), and piss on our heads and tell us it's raining.

I blame the voters. They fall for the unending lies -

"death panels"

"Social Security is broke"

"Mission accomplished"

"This is a Christian nation"

"George Soros is the root of all evil."

"We have plenty of oil. Drill, baby, drill"

"US health care is the best in the world"

and on and on.

Unless and until the voting public smartens up, we are screwed. Unfortunately, a majority of voters are intentionally ignorant.
 

Skulnik

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Yep. They're a bunch of self-serving arrogant turds. They think they can get away with anything (Anthony Weiner), steal like dogs (Duke Cunningham), and piss on our heads and tell us it's raining.

I blame the voters. They fall for the unending lies -

"death panels"

"Social Security is broke"

"Mission accomplished"

"This is a Christian nation"

"George Soros is the root of all evil."

"We have plenty of oil. Drill, baby, drill"

"US health care is the best in the world"

and on and on.

Unless and until the voting public smartens up, we are screwed. Unfortunately, a majority of voters are intentionally ignorant.

You forgot Global Warming, how many MILLIONS is Al Gore and the UN insiders made on that BULLSHIT?
 

Skulnik

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http://bigjournalism.com/kashiver/2...e-msm-ignore-al-gores-global-warming-million/





Why Does the MSM Ignore Al Gore?s ?Global Warming? Million$?

Posted by Kyle-Anne Shiver Feb 14th 2010 at 8:14 am in Featured Story | Comments (95)



In yet another case of willful blindness, our formerly august mainstream media all but ignores Al Gore?s global warming millions. Their secular saint, Prophet Al, has become a very rich man off his global warming ?science.? Yet, whenever he is interviewed by those virtuous paragons among the media elite, you?ll hear nary a peep on the fact that Prophet Al stands to become the ?World?s First Carbon Billionaire,? if and when governments ? especially ours ? enact the cap and trade legislation, of which Mr. Gore is the most vociferous proponent.

The lying hypocrisy of it is just too much for an honest person to bear.



Mr. Gore has, in effect, declared economic war on the middle-class American family through his global warming faux science. The Congressional Budget Office has estimated that the cap and trade legislation, which passed the House last year, will cost the average American family $890 per year. But the conservative Heritage Foundation immediately challenged this figure. Using a more inclusive analysis, Heritage raised the estimate to at least $1,870 per year.

Heritage also took the trouble ? on behalf of American families ? to take into account the larger picture, significant details completely ignored in the CBO?s accounting:


It is also worth noting that, of the 24 years analyzed by The Heritage Foundation?s Center for Data Analysis (CDA), 2020 had the second lowest GDP loss. Furthermore, the CDA found that for all years the average GDP loss was $393 billion, or over double the 2020 hit. In 2035 (the last year analyzed by Heritage) the inflation adjusted GDP loss works out to $6,790 per family of four?and that is before they pay their $4,600 share of the carbon taxes. The negative economic impacts accumulate, and the national debt is no exception. The increase in family-of-four debt, solely because of Waxman-Markey, hits an astounding $114,915 by 2035.

The bottom line here is that Al Gore is nothing higher on the moral scale than a war profiteer or as Investors Business Daily has called him, a ?green Ponzi scheme? scammer. When Gore provided his star-witness testimony in the House last year on cap and trade, Representative Marsha Blackburn (R-TN) queried him on the millions he stands to make off the legislation. Gore responded that he was merely ?putting my money where my mouth is.?



To which IBD scornfully added:


Perhaps, but at the same time he is advocating policies based on junk science that, while he enriches himself, will devastate the American economy, causing huge losses in jobs, economic growth and GDP.


The American consumer and taxpayer are on the wrong end of his green Ponzi scheme. Somewhere, Bernie Madoff is smiling.

Just to provide the hopelessly ignorant (or willfully blind) MSM with a bit of recap on Gore?s climate war profiteering, it might be useful to remind them of a few easily obtainable facts regarding our former VP, Prophet Al.

When Al Gore left the VP office, he reported a net worth somewhere between one and two million dollars. Currently his net worth is estimated in the hundreds of millions.



In 2004, Al Gore co-founded with former campaign manager, David Blood (also formerly with Goldman Sachs), an investment fund aimed at profiting from business and government initiatives to stop ?global warming.? They affectionately call their venture: ?Blood and Gore.? It?s real name is Generation Investment Management (GIM). GIM has its home base in London and lists a host of mega-corporations as investors, among them, Aflac, GE, Staples, SYSCO, UBS, Waters Corp. and Whole Foods. This is not the sort of venture capitalist scheme with which your ordinary American family could become a shareholder.

In 2006, Al Gore came out with his Oscar-chosen movie, ?An Inconvenient Truth.? Due to the movie?s consequent hyping by an enthralled media, Mr. Gore?s ?documentary? has grossed over $24 million in the U.S. and over $49 million worldwide, making it the fifth-highest-grossing documentary in the U.S. to date, (from 1982 to the present). Yet, in 2007, the U.K.?s High Court found that the film was both ?biased? and ?alarmist? and noted nine specific ?scientific? claims, which were at best unfounded and at worst outright lies. To be shown in British schools, the High Court ruled, would require tedious instruction to students on the errors and bias contained in the film.

The British ruling was widely ignored by the MSM this side of the big pond, however, and the movie continues to be shown to unsuspecting students in government schools and universities nationwide ? with no disclaimers whatsoever.

Interestingly, one of the film?s claims which was noted as unsubstantiated by Britain?s High Court was the recently debunked. Mr. Gore?s assertion that the disappearance of snow on Mount Kilimanjaro in East Africa was expressly attributable to global warming has been found unscientific and based on faulty research.

None of Mr. Gore?s newly demonstrated scientific errors should really come as any surprise, however (after all, the man flunked out of divinity school). As noted by the Washington Post in this 2000 article on Gore?s lackluster college transcripts, the media-heralded scientific genius ? Prophet Al ? spent his entire tenure at Harvard avoiding all courses in mathematics and logic. The two science courses he had to take, Natural Science in his sophomore and senior years, he managed to receive a D and a C+ respectively. Gore?s college science performance was easily predictable, however, as his high school transcripts showed that the only courses in which Mr. Gore scored A?s were in art and religious studies.



The MSM is so enthralled with Mr. Gore and his single-handed quest to save mankind from itself that they ignore every salient fact regarding not only the scientific sham, but every detail about the man himself, including his anything-but-sterling scientific background. Add to that shameful sycophancy their enabling of the man to bank multi-millions while he scams the public and the MSM becomes no less than an unindicted co-conspirator in Gore?s war on Western economies.

When Mr. Gore makes wild claims, which are later debunked by truly scientifically minded folks, the MSM is AWOL. When Mr. Gore blithely insisted recently on NBC?s Tonight Show that the ?interior of the earth is extremely hot, several million degrees, and the crust of the earth is hot ?,? neither the host nor the media elite know enough about science to even question his authority. When Mr. Gore belittled critics on the cost to American families of his cap-and-trade Ponzi scheme to ex-cheerleader-turned- anchorwoman, perky Katie Couric, she was so ignorant that she did not even question his recitation of accepted dogma.

Poppycock peddlers are found in every generation, but Al Gore?s get-rich-off-unsuspecting citizens is definitely a cake-taker in this lot of scoundrels. And for the love of Pete, one would think that any self-respecting journalist would go after him with at least the zeal they show in examining Sarah Palin?s hand.



Moral compass? The MSM does not seem to own a single working one among their entire lot of overpaid, under-worked scalawags. In allowing Al Gore to continue his green Ponzi scheme unobstructed, they prove they are all birds of a feather and have lost all credibility.
 

Trench

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You forgot Global Warming, how many MILLIONS is Al Gore and the UN insiders made on that BULLSHIT?
So instead of addressing the topic of the thread, Skulnik wants to talk about Al Gore.

Skulnik, getting back on topic, perhaps you could give us your keen insight on the compromise between free market capitalism and corporate welfare?
 

StevieD

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And heaven forbid should we tax those making all the money! Time to take the country back from the Neocons.
 

The Sponge

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U would have to be either ignorant, naive, or just plain nuts to sign up and fight for this country nowadays. You are not fighting for the country's freedom. You are fighting for corporate America.
 

Lumi

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U would have to be either ignorant, naive, or just plain nuts to sign up and fight for this country nowadays. You are not fighting for the country's freedom. You are fighting for corporate America.

War Inc.



<iframe width="560" height="349" src="http://www.youtube.com/embed/G9SFoiYIs_4" frameborder="0" allowfullscreen></iframe>
 

StevieD

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So they can pass the tax hike to the poor and middle class, that kind of thinking is BRILLIANT!!!!


DUHHHHHHHHHHHHHHHHHHHHHHHHH!!!

:shrug:

How can they do that. A personal tax rate hike you moron! How did the Bush tax cuts work out for you? Don't you ever look into anything or do you just read the headlines and drink the Kool Aid. I am sorry but guys like you really do not have a clue.
I got a clue for you it ain't trickling down!
 

Skulnik

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How can they do that. A personal tax rate hike you moron! How did the Bush tax cuts work out for you? Don't you ever look into anything or do you just read the headlines and drink the Kool Aid. I am sorry but guys like you really do not have a clue.
I got a clue for you it ain't trickling down!

Send a check in with your BUSH TAX CUT or STFU.


TIA
 

StevieD

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Send a check in with your BUSH TAX CUT or STFU.


TIA

Did they not cut the taxes enough for the rich? We need to put money in the pocket of the middle class so they will spend it. These rich guys, that you do not want to tax, are just sitting on the money. How much of 56 million bonus that pig at Ford gave himself will ever see the light of day. Don't forget he is due for another bonus this year! And how much of that will he be spending? ZERO! Put the money where it will do some good. Not in te pockets of the guys who declared war against you.
 

The Sponge

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So instead of addressing the topic of the thread, Skulnik wants to talk about Al Gore.

Skulnik, getting back on topic, perhaps you could give us your keen insight on the compromise between free market capitalism and corporate welfare?

Trench this will always be the problem with global warming. For the neocons it is all about the messenger (gore) and nothing about the facts. The same guy who was influential in getting the internet started has mention this topic and that is a no no to the simpletons who are puppets to the neocons. Instead of giving the guy credit they rather use the sound bite where they think Gore say's he invented the internet. It makes them giggle to themselves when people with common sense realize how ignorant and naive they truly are.
 
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