The Obama Administration Has Been Very, Very Good To Banksters And Wall Streetians

[cali]

42. a sop.

a crumb. better late than never and it looks good, but it's largely a gesture. Obama cares a lot more about his corporate buddies than the poor and working people. He gives good rhetoric, but then he pushes fracking and the TPP and shit that hurts the poor and working people more than what he's done to help them.

<snip>

The campaign comes as working-class Americans are struggling to get by on incomes that have not increased appreciably during the Obama administration, despite record corporate profits and a recovering economy. Though stagnant wages are primarily attributed to larger economic forces, economists say federal rules that have failed to keep pace with the growing cost of goods and services have also played a part.

While Obama largely ignored the issue during his first term, he has placed it at the center of his economic agenda ahead of this fall's congressional elections. Critics complain that the campaign is more rhetoric than substance — his proposal to raise the minimum wage to $10.10 is unlikely to clear Congress. Meanwhile, the move to change federal overtime rules, first reported by the New York Times, is not intended to produce results until the waning days of Obama’s presidency.


White House officials declined to describe the proposal in detail, suggesting only that they were contemplating a change in the salary threshold that determines whether an employee receives overtime pay for working more than 40 hours a week.


<snip>

http://www.washingtonpost.com/politics/obama-to-order-expansion-of-overtime-pay/2014/03/12/3262d334-a9f2-11e3-8599-ce7295b6851c_story.html