Posts Tagged ‘Republicans’
Posted in corruption, Economics, Economics, recession, the Rigged Game, tagged Barack Obama, Democrats, Federal, minimum wage, Pew Research Center, poll, Republicans on Jpm2000000pmTue, 26 Feb 2013 13:48:20 +000013 10, 2010 | Leave a Comment »
A recent poll by the Pew Research Center shows that 71 percent of the US public favors raising the federal minimum wage. Nineteen states already have higher minimum wages. Fifty percent of Republicans also support an increase, as opposed to 47 percent opposed.
Wall Street is also against raising it. That’s because when wages go up, share prices go down. That’s because higher wages can cut into corporate profits in the short term. In the long term, however, rising real wages increase demand, spur sales, push up profits and create jobs. Recent studies show raising the minimum wage has a small impact on unemployment, most likely because it increases the demand for goods and services.
According to a study by the Economic Policy Institute, “The multiple positive effects that would result from a higher minimum wage are clear: It would boost the earnings of working families hardest hit by the Great Recession, spur economic growth, and create about 100,000 net new jobs. In an economic climate in which wage increases for the most vulnerable workers are scarce, raising the minimum wage to $9.80 by July 1, 2014, is an opportunity that America’s working families cannot afford to lose.”
Despite the positive impacts of a raise, on behalf of Wall Street, House Republicans will vote in goose step against any increase, as will some corporate Democrats.
Conversely, when wages go down, share prices go up. That’s good if you’re a member of the 1 percent, but it’s bad for the economy and the 99 percent in the long term. When real wages go down, so does the demand for goods and services. In the long run, corporate profits cannot be constantly raised, which is something that must occur in the long term, otherwise, the Ponzi Scam known as Wall Street would collapse.
As demand goes down due to the massive redistribution of income from the 99 to the 1 percent legislatively undertaken over the last 32 years by the federal government, Wall Street has had to invent new investment instruments that redistribute income from the 99 to the 1 percent. In the past, this has included bonds backed by home mortgages and credit default swaps, neither of which has been good for the economy.
So overall, an increase in the federal minimum wage will be a good thing (however tiny) for the vast majority of Americans, as well as for the economy. They’ll have more money to spend. Better yet, CEO’s and rich shareholders will possess less money with which to purchase politicians.
Click below for related links.
How Stupid Are Republicans That They Didn’t Get the Message? In particular about Immigration Reform?
Posted in "John Hively", Economics, Economics, recession, free trade, immigration, income redistribution, Uncategorized, war, wealth redistribution, tagged Democrats, economy, Free trade, hispanics, immigration reform, privatization, Republicans, Ron Wyden, Wall Street, war on Jpm1000000pmWed, 30 Jan 2013 14:11:36 +000013 10, 2010 | Leave a Comment »
Republican Party leaders are stupid enough to believe they don’t appeal to Hispanics because of the party’s position on illegal immigration and opposition to comprehensive immigration reform. Apparently, the Republican leadership believes that if they help to pass some form of immigration reform, Hispanics will vote for more jobs destroying, middle class exploding, tax breaks for the rich. They must believe that Hispanics will vote for more war, privatizing public schools, the military and other government services; that they will vote for destroying Social Security, Medicare and Medicaid, shipping more jobs overseas and redistributing more income from the 99 to the 1 percent. Somehow, the Republican leadership believes Hispanics will vote for people who deny science if it happens to present bad news for corporate profits, like global warming; and that they’ll vote for nut jobs who believe in “legitimate rape.”
Here’s how stupid the Republican leadership is. Before the November 2012 election, a Fox Latino poll found that only 6 percent of Hispanics listed immigration reform as their number one priority, compared to 45 percent who listed the economy as their number one issue. A Latino Decisions election eve poll found 53 percent of the respondents thought the economy was their number one priority, compared to 35 percent who thought immigration reform should be number one. On a national level, Republicans tend to get between 17 and 35 percent of the Hispanic vote. Helping on immigration reform isn’t likely to change that.
In other words, the economy is the number one priority for most US Hispanics. They generally tend to vote Democratic, and there’s nothing the Republicans can do about this, since the positions espoused by the Republicans are aimed primarily at destroying the middle class.
In fairness to the vast majority of Republican politicians, the bulk of the national Democratic establishment has the middle class in their cross hairs, as well. Wall Street Senator Ron Wyden is classic example.
Maybe the Republicans should stop nominating far right, and ultra-right politicians for national offices. Maybe they should oppose the Democrats in their income redistribution plans, rather than aid and abet it. Maybe the Republicans should nominate people to national office with a platform for aiding the middle class, rather than redistributing middle class income to the rich. Maybe that would get more Hispanics to vote for the GOP.
Click below for more on this story from the Guardian of the UK.
Click below for another lesson the Republicans didn’t learn from the election of 2012.
Posted in corruption, Economics, the Rigged Game, Uncategorized, tagged 2013, con artists, debt ceiling, liars, Republicans, United States on Jam1000000amWed, 16 Jan 2013 11:24:38 +000013 10, 2010 | Leave a Comment »
Posted in corruption, culture, the Rigged Game, Uncategorized, wealth redistribution, tagged Republicans, rich people, the economy, welfare queens on Jam1000000amTue, 08 Jan 2013 07:32:31 +000013 10, 2010 | Leave a Comment »
Posted in corruption, the Rigged Game, tagged fetch boy, Franklin Roosevelt, Republicans, Ron Wyden, trickle down economics on Jpm12000000pmThu, 27 Dec 2012 15:28:46 +000012 10, 2010 | Leave a Comment »
Why do Republican politicians continue to insist that the US accept the failed trickle down policies of the past? The only thing that has occurred under the program is that the rich have redistributed more and more income from the 99 to the 1 percent using their plutocrats in public office, such as Wall Street Senator Ron Wyden.
To Republicans and Corporate Democrats like Wall Street Senator Ron Wyden I say, “Trickle down failed. Stop doing the bidding of your corporate masters like the fetch dogs that you are. Do something positive for the American people. Stop redistributing their income to the 1 percent and reverse it so the economy can get better.”
Republicans: On Behalf of the Billionaire, Wall Street Masters, Obstructing Anything That Benefits the Middle Class
Posted in corruption, Economics, Recessions, the Rigged Game, Uncategorized, tagged Barack Obama, congress, John Boehner, obstructing, Republicans on Jam12000000amSun, 16 Dec 2012 09:18:35 +000012 10, 2010 | Leave a Comment »
Posted in Economics, Economics, recession, education, free trade, Uncategorized, tagged Barack Obama, billionaires, child labor, congress, Republicans, Ron Wyden, Senator, Tax cuts on Jpm12000000pmMon, 03 Dec 2012 15:11:09 +000012 10, 2010 | Leave a Comment »