Proof Corporations & the GOP Scewed Labor/Middle Class

Discussion in 'Economy' started by sealybobo, May 19, 2009.

  1. sealybobo
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    sealybobo Diamond Member

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    Commerce Department data released today show that the share of national income going to wages and salaries in 2006 was at its lowest level on record with data going back to 1929.[1] The share of national income captured by corporate profits, in contrast, was at its highest level on record.[2]


    Wages and salaries have grown at a 1.9 percent average annual rate, after adjusting for inflation. In previous post-World War II recoveries, wages and salaries grew at an average annual rate of 3.8 percent.
    Corporate profits have grown at a 12.8 percent average annual rate, after adjusting for inflation, as compared with an average annual growth rate of 8.3 percent in the equivalent periods of past post-World War II business cycles. (See Appendix Table 1.)


    Republicans can not argue this, can they?

    Share of National Income Going To Wages and Salaries at Record Low in 2006 — Center on Budget and Policy Priorities


    Can't blame this on unions.
     
  2. RodISHI
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    RodISHI Gold Member

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    Sealy when you blame it all on Republicans you are so full of shit. Just as many Dems have sold the people out for nothing more than thier own greed as Reps. There you go it is that simple.
     
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  3. sealybobo
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    sealybobo Diamond Member

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    These kinds of replies are so frustrating because I truly believe you believe the shit coming out of you mouth.

    Sorry idiot, but the Corporations and the GOP did this, and YOU ASSHOLES defended it. Did you forget? You spit on labor and the middle class. First it was unions, then it was all American workers.

    Now you want to take a different approach to this and spread the blame?

    Then spread the wealth.

    Which party is the party that thinks labor sucks and corporations/ceo's deserve all the profits?

    So in 2005 and 2006 when I was telling ASSHOLES like you that we were making less and the corporations were making more, you ASSHOLES asked me, "why do I hate the rich", and you lied. YOu said wages were up. You said the fundamentals of our economy were strong.

    You guys are trying desperately to get people to forget how fucking bad you were the last 8 years. And you're trying to blame the Dems??? :eusa_liar:

    Just like Pelosi is now responsible for torture and iraq.

    And Freddy mack is responsible for the economy.

    Fine, you want to assess some blame to the Dems. How's 5% sound?
     
  4. del
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    del BANNED

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    characteristically stupid. thanks for asking.
     
  5. sealybobo
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    sealybobo Diamond Member

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    You don't see a problem with this Del?

    "Wages and salaries in 2006 was at its lowest level on record with data going back to 1929. The share of national income captured by corporate profits, in contrast, was at its highest level on record."
     
  6. del
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    del BANNED

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    i don't see it being a one party problem.
    deal with it.
     
  7. sealybobo
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    sealybobo Diamond Member

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    Of course you don't because you lean right.

    All I can tell you is that back then, I was complaining about this and people on the right were defending it. If you forgot their lame arguments, I'll remind you. "sealybobo, why do you hate the rich". :cuckoo:

    Now that we know officially that I was right, you don't see this as being the fault of one party? This is exactly what the GOP wanted. Lower our wages and maximize their profits.

    Do you even see this as being a problem?

    I don't think I have ever read your opinion on anything.

    Your replies always suggest you disagree with someone else's opinion, but you never actually give your own.
     
  8. sealybobo
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    sealybobo Diamond Member

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    I didn't ask you that Del. I said, "do you see a problem with this"?

    Wages and salaries in 2006 was at its lowest level on record with data going back to 1929. The share of national income captured by corporate profits, in contrast, was at its highest level on record.
     
  9. del
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    del BANNED

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    you want an opinion from me?

    i think you're borderline certifiable.

    okay?
     
  10. sealybobo
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    sealybobo Diamond Member

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    It is also important to point out that a lot of the corporate profits that year were fake. They came from the housing bubble. Predatory lending.

    And it seems now that they did it on purpose. They gave anyone/everyone a loan and didn't even check to verify incomes.

    So they knew all these defaulted loans were going to come eventually.

    But they didn't care. They made their money.
     

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