In the last Democratic debate, candidates challenged the narrative that record-setting stock market performance and historically low unemployment rates signal the success of Trump’s economy. They countered describing how this economy is failing most Americans. Despite low unemployment, wage stagnation means people work multiple jobs. The high cost of housing and healthcare are leaving people with insufficient access to either. Trump’s tax cuts disproportionately enriched corporations and the wealthy. In short, the “booming economy” is just another massive transference of wealth from the middle and working classes to the top wealth hoarders.
The outrage the college admissions scandal has inspired tends to be directed at those it deems undeserving, not at meritocracy and the class hierarchy and inequality it fuels and justifies. The outrage, put another way, is calling for a more “just” inequality in which those who truly deserve more than others get it.
Instead of changing course and helping the majority of the population, Republicans still propose heaping wealth on the rich and increasing taxes on the bottom 90% of the population to complete the utter destruction of middle income earners. According to yet another report they are succeeding beyond their wildest dreams.
The sad fact of Republican fact-checking is that their fact-checking needs to be fact-checked, and this was never more true last night.
Perry's message is clear; there is no reason to address poverty, income inequality, or make any effort to help those suffering, and people in Texas are suffering, but not because it is written in scripture.
The Bureau of Labor Statistics unveiled the latest jobs report Friday and the results blew out all expectations as the economy added 321,000 jobs in November.
Now, after over five years of economists' warnings, banks, Wall Street, and the preponderance of retailers have joined Democrats in calling for quick and complete implementation of President Obama's economic policies to save America.
So how exactly can we address income inequality by simply asking everyone to learn new skills and find a better job, avoiding the reality of the need for a re-distribution of social resources? We can't.
According to new research on America's world-leading economic inequality, the Organization for Economic Co-operation and Development (OECD) reported that in 2014, the exceptionally rich United States has the distinction of the highest proportion of low-paying jobs among every developed nation in the world. The report is just in time for Republicans on the campaign trail to boast to their supporters that America is number one in having over a quarter of its workforce laboring for poverty wages.
Rather than asking individuals to increase their value, we need to transform how we as a society value the work individuals do.
On Friday, the Bureau of Labor Statistics released the jobs report for the month on May. For the fourth month in a row, American employers added over 200,000 jobs. For May, we saw 217,000 nonfarm payroll jobs added to the economy.
Today it is President Obama fighting Republicans to give all Americans the opportunities Dr. King sought for people of color, and besides not acknowledging income inequality even exists, Republicans are redoubling their advocacy of Reagan policies.
Republican evangelicals have gone mad with rage as Pope Francis and President Obama are delivering the same rejection of their selfish economic ideology.
As sick as we might all be of partisan infighting, this is a battle we need to have. This isn't a pointless test of ideological purity to source a base pleasing candidate.
Bill O'Reilly has asked his viewers to pray for people he feels are in imminent danger; every affluent person in America.
If Americans have learned only one thing about the economic recovery, it is that Republicans will make sure the only beneficiaries of good economic reports are Wall Street and corporations .
After decades of declining incomes an overwhelming majority of Americans finally realize their government exists to favor the rich, and they are demanding change.
it was fairly clear by the giddy-ass grin on Paul Ryan's face that Senator Murray likely did all the compromising to agree that an austerity budget defying sane economic comprehension.
Republicans who are wont to claim they speak for all Americans say the people oppose higher wages, but if the minimum wage kept pace with the top 1%, it would be $22.62 an hour.
Will Senator Elizabeth Warren's political economic populist movement change US economics and politics now and in the future?