Are you tired of ..........?xml:namespace>
· Feeling like no one is fighting for working people?
· Ceos taking all our money?
· Corporations shipping our jobs out of the country?
· Companies escaping THEIR tax burden?
· Having no health care?
· Health care costs killing you?
· Making an economic decision to not utilize your Health Care?
· Having no retirement?
· Big business getting so big it seems to control everything?
· Gas prices with record profits for oil companies?
· Your hard work being exploited by a company?
· The banks exploiting the average hard working American?
· Being afraid to ask for a raise?
· The cost of living rising faster than your wages?
· Being laid off?
· Being over qualified for your job because you can't find a better paying one?
· Living pay check to pay check?
· Working in fear?
Thursday, June 30, 2011
Wednesday, June 29, 2011
Tuesday, June 28, 2011
Sunday, June 26, 2011
Friday, June 24, 2011
Thursday, June 23, 2011
Reality: Deficit payments are upward wealth redistribution.
The hysteria to pay down the rising federal budget deficit comes from profit-hungry banks and billionaire bondholders, not ordinary working people. The federal debt is now over $13.5 trillion. About $4.5 trillion is “inter-governmental loans,” which is a nice way of saying they’ve raided Social Security and Medicare to pay for military spending. Nine trillion dollars is held by private investors - mainly banks and billionaires - looking to get rich off of interest payments. In 2010, U.S. taxpayers paid $415 billion in interest, (U.S. Department of the Treasury, 11/1/10); most of this went to big investors, not to the savings bond grandma gave you for your sixth birthday.
Reality: Deficits are how bankers dismantle democracy.
The big bondholders who own government debt use their economic leverage to override democratic political decisions, threatening to suspend new loans unless governments enact sweeping budget cuts and privatization programs. This method, long used against semi-colonial countries, is now wreaking havoc in Europe. Banks are directly intervening to force savage cuts to pensions, health programs and education in Greece, Ireland, Portugal, Spain and other countries whose ability to repay is in question. In this way, decisions that should be left up to the people in a democracy are hijacked and made by wealthy investors.
Using their control of global credit supplies, the big financial monopolies can demand low taxes, high interest rates and privatization of public assets. They get to pass go and collect twice while working people struggle to get around the board once amid harsh budget cuts and layoffs.
Wednesday, June 22, 2011
The Republicans and Obama justify their tax cuts for corporations by claiming this will spur investment and create jobs. All the evidence points in the opposite direction. According to the Federal Reserve, U.S. corporations held a record $1.93 trillion in cash on their balance sheets in 2010. Rather than investing this money in new job-creating enterprises, these companies sat on their money or gambled it on new speculative bubbles.
Reality: The bailouts did not create jobs.
In 2009, after taxpayers bailed them out, bank profits rose 66% to a total of $29 billion. But nearly half of all the money that the big banks sucked from taxpayers has been loaned out to foreign commercial and industrial borrowers. The amount of loans given to small businesses and farms, critical for job creation, actually declined 2.8%, (FDIC, 6/30/10).
Reality: Layoffs are profitable for corporate tops.
In 2009 the top 500 U.S. corporations laid off 697,448 workers. Just 50 companies accounted for over 75% of those layoffs, and CEOs at those 50 firms “earned” 42% more pay on average than their peers in the S&P 500. Three-quarters of these companies announced the layoffs in periods of positive earnings, with their profits increasing 44%, (Institute for Policy Studies, 9/1/2010).
Whirlpool laid off 5,000 workers during its most profitable year, (Investor Report, 2010). Microsoft laid off 5,000 workers and still managed to be listed as one of America’s top ten most profitable companies. IBM cut over 10,000 jobs in 2009, receiving $12.3 billion in profit, doubling the value of its stock, and paying its CEO $22 million, (Economic Policy Institute, 12/23/2009).
Government deficits are the result of 30 years of shifting wealth from working people to the super-rich and big business. Since 1977, the share of national income taken home by the richest 1% of Americans doubled from 9% to over 20% today. The richest 0.1% – just 150,000 households – tripled their share of income, now earning as much as the poorest 120 million Americans combined. Thirty years ago, the average CEO made 30 times what the average worker did; today, top executives make 263 times more than the average worker’s wage, (http://www.ips-dc.org/reports/executive_excess_2010).
Reality: The rich don’t pay their share.
In the 1950s the highest income earners paid a tax rate of 91%, while today it is just 36%. But even this dramatically misrepresents the situation. The richest Americans earn far more from capital gains and dividends than salaries. So the effective tax rate of the richest 400 Americans was just 17% in 2007, down from about 30% in 1995, (Business Week, 4/7/2011). As Warren Buffett likes to point out, he pays a lower effective tax rate than the people who clean his office!
Reality: Cutting military spending could alleviate the crisis.
Nobel Laureate Joseph Stiglitz estimates that American taxpayers have now spent $3 trillion in Iraq and Afghanistan, roughly twice the 2011 federal deficit of $1.5 trillion. On average, the wars cost us $16 billion a month, $22 million an hour, (The Washington Post, 9/5/2010). To put this spending into perspective, let’s measure it up against the 2011 budget cuts:
- 45 minutes of war = the federal cuts to Planned Parenthood
- 5 hours of war = budget cuts to federal housing programs
- 2 days of war = budget cuts to the Department of Labor's jobs creation programs
- 3 days of war = budget cuts to federal Pell grants
- 5 days of war = budget cuts to the Department of Transportation and the EPA
- 2 months of war = the total cuts to the federal budget
Tuesday, June 21, 2011
Take Action Now!!!
Monday, June 20, 2011
Sunday, June 19, 2011
Wednesday, June 15, 2011
Tuesday, June 14, 2011
'Cause you can look right through me
Walk right by me
And never know I'm there... -- Chicago (the musical)
By THE ASSOCIATED PRESS
Published: June 14, 2011 at 8:08 PM ET
Sunday, June 12, 2011
The controversy is over Boeing's decision to assemble its fuel-efficient 787 Dreamliner in nonunion South Carolina instead of in Washington state, where it has built planes for decades.
The company says South Carolina offered a lot of incentives to get the plant, but the union says Boeing broke the law and violated workers' rights.
read full story..... click here or listen to story ..... audio link
Monday, June 6, 2011
Friday, June 3, 2011
That is some huge ship - and 31 knots. Wal-Mart & China will be the death of The North American Manufacturing Companies.
This is how Wal-Mart gets all its stuff from China:
15,000 containers and a 207' beam! And look at the crew-size for a ship
Longer than a US aircraft carrier which has a complement of 5,000 men and
Think it's big enough? Notice that 207' beam means it was NOT designed for
The Panama or Suez Canal . It is strictly transpacific. Check out the
Cruise speed: 31 knots means the goods arrive 4 days before the typical
Container ship (18-20 knots) on a China-to-California run. So this
Behemoth is hugely competitive carrying perishable goods.
This ship was built in three, or perhaps as many as five sections. The
Sections floated together and then were welded. The ship is named
Emma Maersk. The command bridge is higher than a 10-story building
And has 11 crane rigs that can operate simultaneously.
A recent documentary in late March, 2010 on the History Channel noted that all of these containers are shipped back to China - empty! Yep, that's right. We send nothing back on these ships. What does that tell you about the current financial state of this country? Just keep buying those imported goods (mostly gadgets) until you run out of money.
Then you may wonder what the cause of unemployment (maybe even your job) in the U.S. and Canada might be.
Country of origin - Denmark
Length - 1,302 ft
Width - 207 ft
Net cargo - 123,200 tons
Engine - 14 in-line cylinders diesel engine (110,000 BHP) Cruise Speed - 31
Knots, Cargo capacity - 15,000 TEU (1 TEU = 20 ft3 container)
Crew - 13 people First Trip - Sept. 08, 2006 Construction cost - US
Silicone painting applied to the ship bottom reduces water resistance and
Saves 317,000 gallons of diesel per year