According to Jay Bookman at the Atlanta Journal-Constitution, Bill believes that the rich and and powerful aren't rich and powerful enough. But before we examine Bill O'Reilly bearing false witness again, let's take a quick assessment of cable TV news in general, and then see where Bill fits in to the scheme of things (pun intended) — or you can just skip to Jay's rebuttal.
One hundred million dollars in $100 bills fits nicely on a standard-sized pallet. The image below shows what $1 trillion in cash would look like. This is almost what U.S. corporations have spent on stock buybacks — just in the last year.
Increased productivity no longer has an affect on raising wages, because all the gains go to the top — and the decline of labor unions plays a big part; as well as a tax code that Congress has skewed to mostly favor the very wealthy and large corporations.
Jared Bernstein, former economic adviser to Vice President Joe Biden, recently writes:
When Hillary Clinton recently borrowed Elizabeth Warren's talking points and claimed "the deck is still stacked in favor of those at the top" against regular working people, did she mention reforming the tax code — and then offer any solutions? The simple answer is "no"; and unless she is ever pressed by the mainstream "liberal" media, she will probably dodge this question the same way GE dodges taxes.
According to a new report from the Department of Labor (Trends in Long-term Unemployment), people unemployed in 2014 couldn't count on a college degree to save them from long-term joblessness. The data also show it doesn't matter what industry you work in — and confirmed previous studies, that the longer you're out of work, the less likely you are to get another job.
Are those our only choices? And if so, what's it going to be? Cutting defense spending or cutting Social Security? Because with a GOP-dominated Congress, it won't mean increasing revenues by raising taxes on those who are most able to afford a slight increase.
The GOP-dominated House Ways and Means Committee just voted to repeal the federal estate tax, which the Republicans, Libertarians and Tea Partiers have been labeling as a "death tax" that unfairly steals the family jewels from ordinary hard-working Americans.
Economists refer to "job polarization" in the labor force when middle-class jobs (requiring a moderate level of skills) appear to disappear relative to those at the bottom (requiring fewer skills) and to those at the top — requiring greater skills; or those who are better networked and know people in a position of influence. (Below is a simple animation to show how job polarization might look).
The House overwhelmingly approved sweeping changes to the Medicare program (voting 392 to 37) which would establish a new formula for paying doctors and increasing premiums for Medicare beneficiaries.
Unlike politically incorrect journalists in the mainstream media (including Fox News), one can't accurately report on bloody budget cuts — and then, just to appear non-partisan, say it's "Congress" who's proposing the cuts — not when it's the Republicans within Congress who are the ones proposing all these bloody budget cuts.
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