by WALTER BRASCH It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement. “We’re the 99 percent” slogan focused upon two completely different groups of people. The 99 percent are the masses, the impoverished, the disenfranchised, the middle class; the 1 percent refers to the concentration of wealth in the top one percent of the population and in the dominance of large corporate and global financial systems. The...
Posts Tagged ‘ Recession ’
Economist: April Jobs Report Broadly Disappointing
Not only is the 115,000 jobs added to the U.S. economy last month disappointing, the the impact of that meager performance is broadly felt, according to an independent Washington economist. The Labor Departmnent released employment data Friday for April, and the national unemployment rate ticked down to 8.1 percent, but that was largely due to discouraged job-seekers who gave up looking for work, and thus are no longer counted in the unemployment data. “Today’s employment report shows that April’s...
Partisan Sniping Infects Even The Bipartisan Transportation Bill
Last fall, Democrats and Republicans on the Senate Environment and Public Works (EPW) Committee together linked arms to unanimously approve a new federal transportation bill. The committee’s liberal chairwoman, Sen. Barbara Boxer (D-Calif.) and conservative ranking Republican, Sen. James Inhofe of Oklahoma, alike cheered the ability of the legislation, known as S. 1813, to put Americans back to work nationwide. Sadly, that Kumbaya moment just couldn’t last. Now that it’s moved from committee to the Senate floor, even this...
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