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Economy |
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Stating
the Obvious |
The
Financial Times suggests that "more extreme Republicans"
actually want a fiscal train wreck: "Proposing to slash
federal spending, particularly on social programs, is a tricky
electoral proposition, but a fiscal crisis offers the tantalizing
prospect of forcing such cuts through the back door." |
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Going
Strong-SEC settlement illustrates the "we work harder,
they get the money" Bush recovery |
"The
distribution of economic gains is upside-down in this recovery,
compared to previous ones. Profits received a larger share of
national income than wages. Hence, profits soared to new record
highs amid the first 'job loss' recovery since the Great Depression.
Adding to families' woes were rapidly rising costs; housing
education and medical care jumped at double-digit rates in recent
years. To maintain consumption levels, many families borrowed
more. |
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The
Middle-Class Squeeze |
When
we start looking at the financial pressures on middle-class
families, it's easy to see why the President's approval ratings
are down on economic leadership. Though employment is on the
increase, so are college tuition, property taxes, gas, milk
and oil prices, the cost of health insurance and childcare,
credit card debt and bankruptcy filings. Owning your own home
and a station wagon, knowing you could send your kids to college,
feeling secure about a retirement that awaited you; that's what
it used to mean to be middle class in America. Today, it's a
different story. |
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The
department of what? |
The
department in 2004 isn't the Labor Department of its founding
during the Progressive era and its growth during the New Deal.
This department seems more interested in making life easier
for employers than for employees. |
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Scams,
Lies, Deceit, and Offshoring |
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Often,
American companies will lay people off, only to train newcomers
to replace them. |
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Bush
economic report praises 'outsourcing' jobs |
The
movement of U.S. factory jobs and white-collar work to other
countries is part of a positive transformation that will enrich
the U.S. economy over time, even if it causes short-term pain
and dislocation, the Bush administration said yesterday. |
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Across
America, War Means Jobs |
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In
the first three months of this year, defense work accounted
for nearly 16 percent of the nation's economic growth, according
to the Commerce Department. |
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Lies,
Damn Lies, and Bush's Statistics |
Measured
the traditional way, the Post found that about 60 percent of
the benefits would go to the top 20 percent of earners, while
the bottom 40 percent would wind up with only 9 percent. |
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Medicare
cost analyst says he was ordered to provide skewed figures |
The
nation's top Medicare cost analyst confirmed Friday that his
former boss, Thomas Scully, ordered him to withhold from lawmakers
unfavorable cost estimates about the Medicare prescription drug
bill. He said the estimates exceeded what Congress seemed willing
to accept by more than $100 billion. |
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Follow
The Money The Institute on Money in State Politics |
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Articles
on Campaign Financing |
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The
Tax-Cut Con |
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A
result of the tax-cut crusade is that there is now a fundamental
mismatch between the benefits Americans expect to receive from
the government and the revenues government collect. This mismatch
is already having profound effects at the state and local levels:
teachers and policemen are being laid off and children are being
denied health insurance. |
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Bush
Plan Eyes Cuts for Schools, Veterans |
The
Bush administration has told officials who oversee federal education,
domestic security, veterans and other programs to prepare preliminary
2006 budgets that would cut spending after the presidential
election, according to White House documents. |
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Mr.
Bush and the Economy |
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Some
of Mr. Bush's policies sound attractive. But despite more than
three years in office, he has failed to act on some of them
-- even though most were featured during his last campaign.
On Social Security reform, for example, Mr. Bush convened an
expert commission and then did nothing. |
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Bushs
Treasury Department regurgitates blatant corporate nonsense
about taxes |
Treasurys
assistant secretary for tax policy Pamela Olson informed the
National Foreign Trade Council that in her view, Americas
tax laws are far too tough on corporations.
Olson might have had second thoughts about her speech had she
simply read the newspapers, where she would have found countless
stories about big American corporations slashing their taxes
to little or nothing through various tax shelters and loopholes.
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The
Bermuda Project.com/ |
Corporations
using offshore tax dodges are deserting America in a time of
trouble, says the Bermuda Project. As Americans prepare to pay
their taxes, corporate fat cats are abandoning our country to
avoid paying their fair share. |
Articles
About Corpoate Tax Dodges |
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Bush
Can't Provide Proof To Support His Jobs Claim |
According
to the Bureau of National Affairs, "White House officials
were unable to point to any specific information that supports
a direct link between massive job losses and the attacks" |
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The
Truth About the Drug Companies |
Prescription
drug costs are indeed highand rising fast. Americans now
spend a staggering $200 billion a year on prescription drugs,
and that figure is growing at a rate of about 12 percent a year
(down from a high of 18 percent in 1999).[1] Drugs are the fastest-growing
part of the health care billwhich itself is rising at
an alarming rate. |
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An
Entire Class of Thieves |
Now,
there was indeed a vast criminal class coming to full vicious
potential in the 1990s: a group utterly vacant of the most elementary
instincts of social propriety, devoid of moral fiber, selfish
to an almost unfathomable degree. The class comes in the form
of our corporate elite. |
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