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The U.S. economy continues to strengthen. Last week, we learned that 209,000 jobs were created in July. This increase represented the sixth consecutive monthly payroll gain of more than 200,000—the longest such stretch since 1997. Over the past 53 months, our private sector has produced nearly 10 million new jobs. The unemployment rate has fallen nearly four percentage points from its peak of 10 percent in October 2009, dipping to a six-year low of 6.1 percent in June… With real GDP having grown at a strong 4 percent pace in the second quarter, the economy is now 6.6 percent larger than it was before the Great Recession.
As we know, the economy is not great yet. One of the major reasons can be see by the lack of demand for large base items that comes from the lack of spare change among many people resettled into new jobs now paying less than their old jobs.
Take recreational boats… It does not make sense to increase production of boat building when those extra boats will not be sold because there are not enough people with enough money to buy them… There are plenty of people; just not enough with the sufficient funds they once had left over to pay for that boat on the lake…
As you can see, despite the positive job data, we have a distance to go before we reach the esoteric heights where Americans are confident enough to spend money on items requiring additional manufacturing jobs to be created…
Essentially people need to be paid more so they can buy more.
So how do we go about that? Write wages in stone? That doesn’t work, it’s been tried. If wages are not marketable, then they become an entitlement. If I can’t sell myself to a higher bidder, then my personal expansion is out of the question. Likewise, I may be very productive, and that covers my coworkers who are not productive at all. If one gets paid for only showing up, over time, that is all some will do. So writing wages in stone as a policy is out.
Economic graphs made across history show us an interesting trend. Wages were flat though the 1800’s. 100 years of flat wages. When the income tax went into effect, the first rise began. When it was cut, the wages declined. Then with the New Deal, with its increased rates, they again soared. When income taxes reached near 100%, national unemployment was in the negatives because of the very high number of people working two jobs. Only when taxes were cut in ’88, did wage rates begin to fall, to rise when taxes were raised in ’92, climbing all the way until the W. Bush Tax Cuts went in, and they’ve been declining ever sense…
Why? It is debatable because it is a task so huge, that mining data is impossible. But we tracked. It happened. As is the usual human tendency, even when it is something we don’t understand such as patting Betty Grable’s pin up’s bottom every time you fly up to engage the enemy, each time we are successful, we keep doing it…
In theory, if you have money as an employer, which is about to be taxed and handed over to Uncle Sam, putting it into your business makes more sense than handing it over carte blanche. At least in your business, you still have control over it and can steer it in directions you desire. That includes paying ones people. “Hey, Boss? I’ve got a baby on the way, and my wife can’t work. I’ve done a lot for you, can you spare more money a week?” “Might as well,” he says, “I don’t get to keep any of it; Uncle Sam takes everything extra I make”..)…
Which explains why the economy only began to really grow, after January 2013, when the Bush tax cuts on the top .5 of one percent were pushed up to 40% from Bush’s 35% rate…. That extra 5% was the catalyst for the growing economy we see now.
Compare what would have happened if Obama had lost in 2012…..
The weaker job growth and outright job losses under the Romney plan are driven by his proposal to cap government spending at 20 percent of gross domestic product (GDP), a move that implies very large cuts to overall spending.
And just to put a finger on how well this really is? Here is the growth outlook posted by economic think tanks leading up to the election of 2012. One must bear in mind they are probably going to be politically inflated considering when they were announced….
Where as actually, we outdid that. 2.2 million new jobs in 2013…. and so far as of July 2014, this year has already grown…1.6 million brand new private sector jobs…
Those calculations, once poo-poohed by Republicans as being pie in the sky and based on myth, have simply been crushed…
Raising taxes on the top earners… works.
Tax Cuts Don’t (just ask Kansas, Wisconsin, Pennsylvania, Florida, and Tennessee.)
State test results for the first time show voucher students performing “similar or worse” than other poor Milwaukee students, according to the Department of Public Instruction.
After operating side by side, this was the first year the same test was administered to both private and public enabling the cross comparison, prompting Wisconsin Republicans to put bills on the table, forbidding such a comparison ever again. The Republicans propose an easier test be given private schools, and a harder test be given to public schools…
The test results show the percentage of students participating in the 20 year old Milwaukee Parental Choice Program who scored proficient or advanced was 34.4 percent for math and 55.2 percent for reading. Among Milwaukee Public Schools students, it was 47.8 percent in math and 59 percent in reading.
Inner City Public Schools were up 13.4 points higher in math over private schools.
Among all low-income students in the state, (which is all public education),scores were 63.2 percent in math and 71.7 percent in reading….
Rep. Sondy Pope-Roberts, D-Middleton, the top Democrat on the Assembly Education Committee, said … “The fact that we’ve spent well over $1 billion on a failed experiment leads me to believe we have no business spending $22 million to expand it with these kinds of results,”
Proponents brag vouchers have saved $50 million over 20 years.
After every tragedy we’ve talked about doing something to stop random violence with assault weapons.
The last person who “did” anything, was James Brady who said enough is enough and pushed the “Brady Bill” over the NRA’s dead body into law.
It is time for the next step.
Every American must ask themselves. Since there will be no compromise, which is more important for America’s future?
Photo Courtesy of KRCRTY
Photo Courtesy of Amherst Gun Show
Did you choose?
Then we need to start to work. I think it is safe to say that after Newtown, Connecticut, we are done with options. It has now become,… an obligation for us to stop this trend….
We need to act soon, before the next perpetrator, tries to outdo even this tragedy……
It’s from a video spoof called Sheik Fil A….. Delaware Liberal introduced to us a week and a half ago.
A lot of people, especially men have trouble dealing with anal penetration of the buttocks, especially when that anus belongs to another man.
For that reason, their squeamishness causes them to be against da gays. Those most adamant against this act usually come from areas where if that act is done, it is not done in love, but is instead used as a brutal weapon. Bluntly put, it is used in rural America, Arab nations, and areas of the inner city, as rape, … a crime of violence and not mutual respect.
Therefore those from areas where this constantly occurs ( a more violent version of Mitt Romney pinning a boy down and cutting his hair,) tend to be consistently against that act. Ironically, most often none tend to see anything wrong when that practice occurs between heterosexual couples. It is safe. It is harmless. It is exploratory, and it is consensual. Most often, those who are violently against da gays, see nothing wrong with two old ladies living together. They never venture to wonder what goes on in that old house. But they have no problem with them being roomies. Likewise they see old men living together as acceptable. They are old. Surely nothing goes on inside that old house…
Because of the horrible trauma that they have endured, they fail to see that marriage equality is about love… nothing more. People don’t stay together for years just to get off. They stay because that person is who they want to spend their time with. Every day they face a question? Do I want to go to a club and hook up, or do I want to go home to my best friend, and every day they choose to go home to their best friend.
To be fair the same choice exists for hetero-sexual couples. Should I take this easy lay being offered at work, or should I go home to my life-partner… It appears now that 50% of us choose to go home to our spouses. The other 50% take the easy lay. Based on divorce figures that is…
The more you look at it, the more two gays in a relationship appear better if not as good, as a man and a wife in a relationship. It certainly isn’t about sex in a hetero sexual marriage. Those of you who have been married forty years…. how often do you have sex now? How about thirty? Twenty? Sadly there are an awful lot of people out there not having sex these days… despite the invention of viagra…
So why is it “only” about sex in a single sex couple? It isn’t. It is about finding someone you love, and choosing to last long enough together to see what that love will grow…..
So if you are against single sex marriage, you are against love. And in the words of our Lord and Saviour, being against love, is not where you want your heart to be when you pass over to the other side…
So what do you do about Chik Fil A appreciation day. Their chicken is soooo good, like butter… butter it is.. It is the only thing worth waiting for in a Drive Thru line… So how does one balance ones innate desire to support something soo good you can’t do without, versus someone else’s problem with someone expressing their freedom of speech…..
What if instead of gays, Chik Fil A was busting on Christians?.. What if they were busting on Muslims? What if they were busting on Catholics? What if they were busting on Jews? What if they were busting on wet backs? What if they were busting on Spics? What if they were busting on Pollacks? What if they were busting on Talley’s? What if they were busting on Indians? What if they were busting on Mexicans? What if instead of gays, we were in the deep south of the 60’s, and they were busting on blacks, saying blacks shouldn’t get married; saying blacks can’t vote; saying blacks can’t go to restrooms with whites; saying blacks have to sit on the back of the bus; saying blacks can’t sit at the part of the counter that plainly says…. “white’s only”? Would you be one of those southerners laughing it off as something them northern city-fied liberals were instigating, and damn it, someone with southern pride was gonna buy every piece of chicken that Chik Fil A put down in the grease?
If so… I hope you choke on your chicken……..
“I’m starting to think we really ticked off Mother Nature somehow, because we’ve been getting spanked by her for about a year now,” he said while grabbing some coffee at a convenience store…..
OF COURSE YOU DID, DUMMY. YOU VOTED FOR REPUBLICANS!