You are currently browsing the daily archive for August 1, 2011.

SAP now coming to the USA

The US debt crisis is being oversimplified.  The message we here is we cannot pay our debts and therefore we need balance our spending and balance the budget.  Average people can understand that – but here is what has been done so far to combat debt via Whatever Works and a big thanks to Moe for her great work in compiling this list…  The debt has not just magically become a priority, but has been helped along by the policies listed below…

  • Irresponsible tax cuts.
  • Toothless regulation.
  • Interlocking directorates.
  • Boards hand picked by CEO’s.
  • Quarterly earnings now the fickle measure of a stock’s worth.
  • Perverse incentive systems.
  • A business media of enthralled groupies slavishly following and thrilling to rock star plutocrats.
  • The collapse of the  concepts of the common good and civics.
  • Devotion to profits above all.
  • The demonizing of any talk of fairness or social justice.
  • Purposefully ignoring our collapsing infrastructure while we prop up the economies of China and Brazil and their enormous investments in their own infrastructure (transportation, ports, broadband) that will ultimately make us even more uncompetitive than we are now. (After all, there’s no profit in proppingup a joint where workers demand a living wage.)
  • Our government’s committment to protect the ‘job creators’ who, during a decade of historically low tax rates have managed to lose more American jobs than at any time since the Depression.

Wealth is still being created in the US, but not for the average worker, or small business owner.  Let’s take a peek at this startling table glaned from The Centre for Labour Studies in Boston Massachusetts.

(This is a informative report btw, I would highly recommend you read the whole thing, or at least the summary at Sociological Images for the highlights.)

Table 3:

Growth in Real Annualized National Income, Corporate Profits, and Wage and

Salary Accruals in the First Six Quarters Following the End of Five Post-World War II Recessions from 1973-75 to 2007 – 09

(Numbers in Billions of Dollars in Constant 2010 CPI-U Dollars)

Recession’s Ending Quarter to Six to Seven Quarters Later (A)National Income Growth (B)Corporate Profits Growth (C)Accrued Wage and Salary Growth (D)Corporate Profits Share of Growth in National Income

(in %)

(E)Aggregate

Wage and

Salary Share

Of Growth in

National Income

(in %)

Six Quarters
1975 I – 1976 III $462 $148 $174 32 38
1982 IV – 1984 II $817 $227 $205 28 25
1991 I – 1992 III $237 -$4 $119 -1 50
2001 IV – 2003 II $333 $178 $50 53 15
2009 II – 2010 IV $528 $464 $7 88 1
Seven Quarters
2009 II – 2011 I $505 $465 -$22 92 0    [!!!]

The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented. The lack of any net job growth in the current recovery combined with stagnant real hourly and weekly wages is responsible for this unique, devastating outcome.”

    The economy is working perfectly, or dysfunctionally depending on which class of people you belong to.  The debt crisis is will be the stick used to beat the middle class and poor out of social benefits and health care, all in the service of keeping the plutocracy drowning in profit.  The Republicans certainly are gung-ho about dismantling the social life preserving aspects of the state, as their backers (as well as the Democrats backers) are acting in the best interests of those who support them.

In a third world country this would be called “Structural Adjustment” and be headed by the IMP.  What lies within Structural Adjustment Programs is can be boiled down to this Austerity for the Poor and Wealth Engorgement for the rich.  Stay tuned for the hollowing out of Education, Social Security, Welfare, Public Health, Health Care and anything else that benefits the common good.  The funds will be funnelled up the ladder to the wealthy elite and oligarchy with lip-service being payed to the tough choices being made for the “good of the economy” while the majority of Americans and their children are saddled in economic misery with the debt continuing to increase on them due to the malfeasance of the rich.

SAP’s are no longer for the “other” peoples of the world, now they are made ‘in’ and ‘for’ the USA.

His ignorance is like a shield of steel…

This Blog best viewed with Ad-Block and Firefox!

What is ad block? It is an application that, at your discretion blocks out advertising so you can browse the internet for content as opposed to ads. If you do not have it, get it here so you can enjoy my blog without the insidious advertising.

Like Privacy?

Change your Browser to Duck Duck Go.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 1,363 other followers

Progressive Bloggers

Categories

August 2011
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  

Archives

Blogs I Follow

The DWR Community

A. Lien

Enjoy...

Thesseli

A topnotch WordPress.com site

I Won't Take It

Life After an Emotionally Abusive Relationship

victimfocus.wordpress.com/

Exploring best practice and research in sexual violence. A loud voice in the fight against victim blaming. Written and Managed by Jessica Eaton, Doctoral Researcher in Forensic Psychology

Unpolished XX

No product, no face paint. I am enough.

Volunteer petunia

Observations and analysis on survival, love and struggle

femlab

the feminist exhibition space at the university of alberta

Raising Orlando

About gender, identity, parenting and containing multitudes

REAL for women

Reflecting Equality in Australian Legislation for women

The Feminist Kitanu

Spreading the dangerous disease of radical feminism

Double Plus Good

The Evolution Will Not BeTelevised

la scapigliata

writer, doctor, wearer of many hats

Teach The Change

Teaching Artist/ Progressive Educator

Female Personhood

Identifying as female since the dawn of time.

Radfem Resources | Radical Feminist Literature

A virtual library for those interested in radical feminist literature and resources.

Not The News in Briefs

A blog by Helen Saxby

SOLIDARITY WITH HELEN STEEL

A blog in support of Helen Steel

thenationalsentinel.wordpress.com/

Blasting through Left-wing BS with truth bombs

BigBooButch

Memoirs of a Butch Lesbian

RadFemSpiraling

Radical Feminism Discourse

a sledge and crowbar

deconstructing identity and culture

The Radical Pen

Fighting For Female Liberation from Patriarchy

Emma

Politics, things that make you think, and recreational breaks

Easilyriled's Blog

cranky. joyful. radical. funny. feminist.

Nordic Model Now!

Movement for the Abolition of Prostitution

The WordPress C(h)ronicle

These are the best links shared by people working with WordPress

HANDS ACROSS THE AISLE

Gender is the Problem, Not the Solution

fmnst

Peak Trans and other feminist topics

There Are So Many Things Wrong With This

if you don't like the news, make some of your own

Gentle Curiosity

Musing over important things. More questions than answers.

violetwisp

short commentaries, pretty pictures and strong opinions

Revive the Second Wave

gender-critical sex-negative intersectional radical feminism

Trans Animal Farm

The Trans Trend is Orwellian

Princess Henry of Wales

Priestess Belisama

miss guts.

just a girl on a journey

writing by renee

Trigger warning: feminism, women's rights

%d bloggers like this: