Archive for April 2nd, 2011|Daily archive page

About those UNEMPLOYMENT Numbers

In Communication, Griot, Networking, News, Politics, TV Shows on April 2, 2011 at 11:21 am

Unemployment is at 8.8 percent – which is down from a steady (and constant) 9 percent.
Recovery is slow for the middle status quo – who are still being foreclosed on ‘for (more than the) rent’.

Corporations have gotten back to thriving — and that is so very good to know.
Rachel Maddow‘s divvied out a profit list for heavy hitters with even ‘heavier financial shows’:
GOOD TIMES today – is their ‘Green Light’: GO

—Strong corporate profits amid weak economy–

GE $14.2 Billion
Goldman Sachs $8.35 Billion
GM $4.7 Billion
Google $18.9 Billion
Exxon $149 Billion

The bosses of these corporations made 27% more than last year than they did the year before, when they were already making an unGodly amount of money while the average workers pay grew only 2.1% last year.

The stock market is healing up though still far from ‘a middle class nifty’.
Truth be told, the market hasn’t been this strong in growth since the 1950s.

Rachel Maddow also adds:
The rich guys are getting way richer. Think about this, the CEO pay is up 27% in a year while you, my average friend — not getting way richer. Average worker pay is flat (2.1% increase).

I’m not trying to start a cost war here, I’m just saying this is what’s going on. The CEO’s are doing way better. Average workers not.

But today we got what passes for ‘good news’ for the congress: The governments new jobs report said that unemployment fell down a tick to 8.8%, the economy added 230,000 private sector jobs. And it sounds like a lot and it’s better than nothing, but we didn’t lose 8 MILLION JOBS in The Great Recession, and we have a lot of ground to make up.

Ezra Klein writes in THE WASHINGTON POST

At this rate, getting back to the 5% unemployment rate we saw in early 2008 — will take us until 2018

We can’t wait that long. We are in fact in recovery. It’s just an incredibly slow recovery after an incredibly frightening fall. While all of this is happening: the stock market is recovering and CEO’s are making bank, it is regular people who make a living, and cash paychecks that are being told it’s time to sacrifice.

Politicians at the state and federal level keep saying “We’re broke – we’re broke – we’re broke. We have to have some shared sacrifice”, but when they share sacrifice, what they mean is: CUTTING TEACHER PAY by amounts that really matter. They mean laying off half the school district staff in Philadelphia while all of the state works to shovel a huge new bigger hole in the states deficit in order to give hundreds of millions of dollars to corporations. They mean raising taxes on the working class families and the elderly in Michigan.

Raising taxes?! on working class people and the elderly in Michigan in order to finance hundreds of thousands of millions of dollars to give away to business. That means cutting programs that help poor people keep their homes. That isn’t an Obama’s Administration proposal, by the way – they mean declaring a financial emergency, making the deficit way worse with a bunch of corporate give aways and then cutting money from programs for the Disabled…like they’re doing in Florida.

This economic strategy is costing this nation a bundle. All we hear about is cuts right? But it’s one thing to talk about ‘cutting spending’ the thing is lost in translation is that this is not just cutting. This is a transfer of wealth – of wealth that specifically might otherwise be able to close a budget deficit. Instead it is being shoveled out the door to corporate interest and to the people who frankly are already doing great right now in the economy.

The national deficit Republicans keep worrying us about it – the serious world threat they say it poses: that deficit would be cut in half if we let the republican Bush-era taxes for the richest people in the country expire. The deficit would be cut in half if the Bush-era tax cuts expire.

Rachel continues…
The other big thing we could do to fix the nation’s deficit is to start making corporations pay their share. Senator B. Sanders posted a list this week of what he calls the 10 worst corporate income tax avoiders.
#1. Exxon Mobil made $19 billion in profits in 2009… received a $156 million rebate from the IRS.
#2. Bank of America (paid NOTHING IN TAXES) received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits.
#3. General Electric has made $26 billion over the past 5 years in profits in the U.S., it received $4.1 billion refund from the IRS and due nothing to UNCLE SAME in 2010.

When you pay your taxes, it always hurts right? But you think, “I’m doing my part”. Imagine what PART you could do if your income was 26 billion dollars over 5 years…if you actually paid any taxes on it. IMAGINE.

Other COOL NEWS: The U.S. has been sending concrete pumps to Japan, to help out with the nuclear reactor situation over there. The concrete pumps have been retrofitted to pump water instead of concrete. Putzmeister is the company responsible for donating the pumps and has already sent over two smaller concrete pumps [58 meters each]. Bigger pumps will be shipped out on April 9th, each one pump is 62 meters. The combined weight of the pumps that the US will be shipping out is 200,000 pounds. They’ll be transported by a RUSSIAN ANTONOV 225, which is the largest cargo plane in the world.

That’s a lot of BIG NEWS: The size of the plane, the nations deficits and the mass of those pumps,
I’m Qui
Hoping to have enlightened thee, though if you’re middle class you may feel dumped.

I couldn’t resist the temptation to transcribe “The Rachel Maddows Show” [4.1.2011] word-for-word.
You may not have known prior; however, post this read…YOU HAVE HEARD.

Poverty is not yours solely to own.

You did not rightfully inherit it – it is being shoveled.
the middle class booty is duly on their duty,
but ‘not being respected– on the level’.

How’s your VOTE looking?