December 11, 2013
National Politics, Congress, U.S. House, U.S. Senate, Democratic Party, The Issues
U.S. Senate, U.S. House, Patty Murray, Paul Ryan, budget, deficit reduction, federal budget, deal, compromise, WA-Sen, WI-1, Wisconsin, Washington, austerity, corporate tax loophole, loophole, tax loophole, bipartisan, bipartisanship
Once again, Sen. Patty Murray (D-WA) has shown her true colors by giving bipartisan support to an austerity budget deal championed by Rep. Paul Ryan (R-WI-1).
While the budget deal does yield a net federal budget deficit reduction, the budget deal doesn’t raise taxes on the wealthiest Americans, doesn’t close a single corporate tax loophole, slashes pay for federal government workers, and doesn’t extend emergency unemployment benefits. In short, it’s a budget deal that does little to reduce the deficit but a lot to impose even more right-wing austerity policies on the American people.
Instead of fighting for a progressive budget that raises taxes on the wealthiest Americans and closes corporate tax loopholes, Patty Murray decided to fight for nothing and let right-wing extremist Paul Ryan set the debate in the budget negotiations. We’re fighting for progressive values here in America, yet corporatist Democrats like Harry Reid and Patty Murray are stabbing us in the back time and time again and giving bipartisan cover to an extreme austerity agenda. If Patty Murray wants to work with Republicans, she should go join the GOP…after all, she belongs there.
December 2, 2013
Activism, Elections, International Politics, National Politics, The Issues
Abercrombie & Fitch, CBS Corp, Employee pay, Executive pay, executive-to-employee pay ratio, income inequality, JC Penney Co., Nike, Oracle Corporation, pay ratio, Ralph Lauren, S&P 500, Simon Property, Starbucks, Switzerland
Voters in Switzerland recently rejected a proposal to legally prohibit corporations from paying their executives more than 12 times than what they pay their employees.
While I think that placing that stringent of a cap on executive pay is absurd, what is much more absurd is that the lowest executive-to-employee pay ratio among the top 25o corporations that make up the S&P 500 index is 173:1, and eight of the top 250 corporations that make up the S&P 500 index pay their executives over 1,000 times more than their employees!
Of the top 250 corporations that make up the S&P 500 list, the eight with an executive-to-employee pay ratio greater than 1000:1 are as follows:
JC Penney Co. (1795:1)
Abercrombie & Fitch (1640:1)
Simon Property (1594:1)
Oracle Corp: (1287:1)
CBS Corp (1111:1)
Ralph Lauren (1083:1)
Of those eight, one (JC Penney Co.) is a department store chain, two (Abercrombie & Fitch, Ralph Lauren) are clothing manufacturers, one (Simon Property) is a real estate investment trust that primarily owns shopping malls, one (Oracle Corp) is a computer technology manufacturer, one (Starbucks) is a coffee shop chain, one (CBS Corp) is a media conglomerate, and one (Nike) is a sporting goods/apparel manufacturer.
I would support an effort to legally prohibit corporations based in the United States from paying their executives more than 250 times than what they pay their average employee. While there will always be executives paid higher than rank-and-file employees, I find it disgusting that some large corporations are paying their executives over 1,000 times more than what they pay their employees. Income inequality is far too rampant here in America.
November 21, 2013
Activism, Democratic Party, National Politics, The Issues, White House
ACA, Affordable Care Act, Barack Obama, Health insurance, Healthcare, junk insurance policy, Obamacare, Patient Protection and Affordable Care Act, PPACA, sabotage, substandard insurance policy, White House
Health insurance companies are sabotaging the Affordable Care Act. Here’s how they’re doing it:
It’s time to expose and stop insurance companies that are sabotaging the Affordable Care Act.
Some people have lost their substandard health insurance plans, because they are not in compliance with the new law. But some insurance companies are using the confusion about Obamacare to trick people into buying new (more expensive) policies without telling customers about alternative plans and subsidies available on the new exchanges.
And some are out and out lying about the law, selling new junk policies without explaining that people buying them will also have to buy real policies.
Instead of exposing and stopping sabotage of the ACA by health insurers, President Obama caved to the mainstream media and apologized for breaking his “if you like your healthcare plan, you can keep it” promise when, in reality, he didn’t technically break the promise.
It’s time to tell the President to call out health insurance companies for sabotaging the Affordable Care Act.
October 22, 2013
47%, Falmouth University, insult, Maine, Maine Governor, ME-Gov, Mitt Romney, Paul LePage, remarks, work
At a speech to a conservative audience in Falmouth, Maine, Republican Maine Governor Paul LePage said what he truly thinks of the people of the state he is the chief executive of:
About 47% of able-bodied people in the state of Maine don’t work.
That claim is highly inaccurate. Currently, 65% of Mainers over the age of 15 are either working or are unemployed and actively seeking a job. Of the remaining 35%, an overwhelming majority of those are either retired, caring for children, caring for other family members, pursuing education or training, or have a disability that is severe enough to prevent them from working.
Maine deserves a governor who doesn’t insult the hard-working people who call Maine home.