Sunday, January 30, 2011

President Dwight D. Eisenhower and the Republican Party -circa 1956- Those were the days

-- Dwight D. Eisenhower--
"Only a fool would try to deprive working men and women of their right to join the union of their choice."

"Workers have a right to organize into unions and to bargain collectively with their employers. And a strong, free labor movement is an invigorating and necessary part of our industrial society."

"Should any political party attempt to abolish Social Security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things, but their number is negligible and"--and the president says--"their number is negligible and they are stupid."

--This is the Republican Party circa 1956--
The 1956 Republican Party platform called for expansion of Social Security, broadened unemployment insurance, better health protection for all of our people. It called for voting rights--full voting civil rights for D.C. It called for expanding the minimum wage to cover more workers. It called for improved job safety for workers, equal pay for workers regardless of sex.

Monday, January 24, 2011

GOP's State of the Union Responder Would Set Higher Taxes on Middle-Class Than Millionaires

-Once again the Republican Party shows it true colors, millionaires before the masses, profits before People. And then they wonder why they have been in charge for 9 of the last 10 recessions, why job creation plummets when they are in charge, why the national debt explodes when they set the budget and why they have NEVER ONCE IN 70 YEARS matched the economic accomplishment of the Democratic Party-

by: Pat Garofalo
House Budget Committee Chairman Paul Ryan (R-WI) was announced today as the Republican who will be responding to President Obama’s State of the Union address next week. Ryan has gained a (largely unearned) reputation as a fiscal hawk due to his radical Roadmap for America’s Future, under which the U.S. budget will eventually be balanced (after federal debt surpasses 100 percent of GDP), mostly via privatizing Social Security and Medicare.
According to an analysis by Citizens for Tax Justice, the Roadmap would raise taxes on 90 percent of Americans, while dramatically lowering them for millionaires. In fact, a new analysis from the Economic Policy Institute found that Ryan’s plan would ultimately translate into middle-class tax rates being higher than those for millionaires:
– The Roadmap would lead to the wealthiest Americans paying a lower average tax rate than most Americans. Eliminating taxes on capital gains, dividends, and interest, as the Roadmap proposes, would overwhelmingly help taxpayers at the top of the income distribution, who receive most or all of their income from capital. For example, Wall Street financiers could shelter all of their income as tax-free stock options or carried interest.
– Middle-class families earning between $50,000 and $75,000 a year would see their average tax rate jump to 19.1% (from 17.7%) under this plan—an increase of $900 on average [...]
– Millionaires would see their average tax rate drop to 12.8%, less than half of what they would pay relative to current policy
As EPI’s Andrew Fieldhouse concluded, under the Roadmap, “a long tradition of progressive taxation would be abandoned; millionaires and Wall Street bankers would pay significantly lower tax rates than middle-class workers…Income inequality would soar.”
Next week, on the same day that Obama delivers his address and Ryan gives his response, House Republicans will vote to endow Ryan with “stunning and unprecedented” powers to set discretionary spending levels that are binding on the House. The levels that Ryan has laid out, if actually enacted, would result in significant reductions to vital and popular programs like Pell Grants, the FBI, and the National Institutes of Health. This week, House Majority Leader Eric Cantor (R-VA) also called for “elements” of the Roadmap to be in the first GOP budget.
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Monday, January 17, 2011

7 Things We Should Know About the New RNC Chairman, Reince Priebus:

1) Priebus's law firm sought funds from President Obama's stimulus package.
2) Priebus's law firm says the recently passed health care bill is constitutional.
3) Priebus was implicated in caging/supression of minority voters.
4) Priebus has the backing of many of the Haley Barbour clan.
5) Priebus had close ties to former chairman Michael Steele, then stabbed him in the back.
6) Priebus mistakenly called for Obama’s execution, -three times-.
7) Remove all the vowels from his name and you get RNC PR BS

Friday, January 7, 2011

12 Straight Months of Job Growth

"As the Wall Street Journal noted in the last month of Bush’s term, the former president had the “worst track record for job creation since the government began keeping records.” And job creation under Bush was anemic long before the recession began. Bush’s supply-side economics “fostered the weakest jobs and income growth in more than six decades,” along with “sluggish business investment and weak gross domestic product growth,” the Center for American Progress’ Joshua Picker explained. “On every major measurement” of income and employment, “the country lost ground during Bush’s two terms,” the National Journal’s Ron Brownstein observed, parsing Census data."

Wednesday, January 5, 2011

JOB CREATION SOARS! -Obamanomics is reversing the 2nd worst economic downturn in history-

Private sector payrolls soared 297,000 in December, payroll processor ADP announced Wednesday.

The gain marks the 11th consecutive month of increases, and was much larger than economists had expected. Economists surveyed by were forecasting an increase of 100,000 jobs.

The increase in hiring was led by the services sector, with employers adding 270,000 jobs in December. That's the highest jump on record, ADP said.

That's a positive sign for the economy, with the government's highly-anticipated monthly unemployment report due Friday.