Ted Vaill: The Bush tax cuts decreased the top personal income tax rate from 39.6% to 35%. A hypothetical millionaire who had $1,000,000 in adjusted gross income in each of the past 10 years benefitted by over $200,000. It is time for payback. Do it.
Joseph Palermo: The rubbish that House Speaker John Boehner and other congressional Republicans keep dishing out about the federal budget shows the multimedia “bubble” that envelops the GOP and its mouthpieces is pretty durable.
Robert Reich: encouraged by the economic recovery and perhaps also by the election returns, low-wage workers have started to organize.
Lawrence Wittner: The recently-concluded Black Friday provided the occasion not only for an orgy of consumer spending, but for ferocious action by screaming mobs of shoppers who engaged in mass riots in their desperate attempts to obtain a variety of products.
Walter Brasch: Imitating Sgt. Schultz of “Hogan’s Heroes,” Walmart executives claimed they knew nothing—NOTHING—about working conditions in a garment factory in Bangladesh where 112 workers died and more than 150 were injured in a fire.
Robert Reich: Excuse me for sounding impertinent, but isn’t this fear-mongering likely to buttress Republican arguments that the Bush tax cuts should be extended for everyone — including the rich?
RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.
Randy Shaw: While the media’s highlighting “the unfortunate” during the holiday season raises vital private donations to help their needs, letting the politicians responsible off the hook perpetuates the crisis.
Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Tina Dupuy: Since Walmart, the largest private employer in the country, generally doesn’t pay its “associates” or “Walmart family members” enough to live on – the giant multi-national corporation is relying on the U.S. government to feed its employees.
Lauren Windsor: Apparently the good life does not extend to Wal-Mart’s workers–half of the company’s one-million American hourly employees earn less than $10 per hour.
Dotty Lemieux: All is not gloom and doom for the Golden State after all. And if we tackle the inequities in Proposition 13, especially the ones favoring the largest corporate abusers, the outlook could become all the more rosy.
Robert Reich: I wish President Obama and the Democrats would explain to the nation that the federal budget deficit isn’t the nation’s major economic problem and deficit reduction shouldn’t be our major goal.