In cash we trust, but unions we bust

[babylonsister]

In cash we trust, but unions we bust
By Gene Lyons


snip//

"We're broke," Boehner elaborated, although the stock market's now soaring, the bailed-out Wall Street investment banks, whose reckless gambling sent the world economy into a near-death spiral, are doling out billions in bonuses to insiders, while American corporations are sitting on a growing mountain of cash, and while unemployment remains above 9 percent even as some companies openly refuse to consider hiring anybody who hasn't already got a job.

Money Talks.

But, oh no, we can't raise marginal tax rates a lousy 4.6 percent on incomes above $250,000. Perish the thought. Never mind that the past 30 years have seen the wealthiest 1 percent of Americans increase their share of the national wealth from 7 percent to approximately 23 percent. Nor that, according to a study by the Economic Policy Institute, corporate CEOs who made 24 times more than a typical worker in 1965 now earn about 275 times more than the guys in the shop. Assuming the shop hasn't closed down and moved to Thailand, that is.

But heaven forbid we bring back Clinton-era tax rates. Instead, let's stimulate the economy by putting a few hundred thousand federal employees on the street. That'll work.

Money Talks.

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http://www.salon.com/news/the_labor_movement/index.html?story=/politics/war_room/2011/02/23/lyons_money_talks