Wages are Stagnant as Prices Rise: While wages remain flat, the costs of basic necessities are increasing. The cost of in-state college tuition has grown 35 percent over the past five years. Health care costs have risen four times faster than wages over the past six years. And the personal savings rate is now the lowest it's been since the Great Depression.
Tax Cuts for Wealthy Instead of Middle Class: The Bush tax cuts give those who earn over $1 million dollars a tax cut nearly 160 times greater than that received by middle-income Americans. At the same time, this administration has refused to tackle health care, education and housing in a manner that benefits the middle class.
Read the specifics at http://www.barackobama.com/issues/economy/ and then tell us what you think? What positions do you believe the party needs to take to reverse the downhill slide of our economy.
3 comments:
From my perch on Park Avenue I watched firsthand the actions and irresponsible tactics of many of americas leading companies.
An element of personnel control must be established to protect both pension plans and labor promised aspects of corporations.
It is not acceptable for our largest industries and companies to be in receipt of substaintial bonuses while leading companies nowhere.
This is not a success that should be rewarded in america.
In addition, control of taxpayer spending for sports facilities should be legistlated tighter. Far too many taxpayer dollars are used to support professional atheletes rather than our education system or other community benefits.
Something needs to be done about minimum wage. Minimum wage is not enough to support the cost of living these days. And when it goes up, it is only by very little. People need more help these days to support themselves and their family.
The tax cuts for the wealthy have to stop. They make no sense whatsoever and have crippled the middle class.
The middle class is bigger than the wealthy. The economy would thrive if we could be stable again, and we would also breathe easier if we could be stable again.
Want to know why power, influence, and control have been removed from the working class? Look at the percent of people in labor unions. A measly 12% of our workforce is organized. When we had our heydays, roughly 35% of workers were in unions.
The Employee Free Choice Act is the single biggest tool available right now for the workers to take back the shop floor, and in doing so, take back their country.
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