CEOs of the 50 corporations that cut the most jobs over the last two years received average bonuses higher than those paid to CEOs of the largest 500 businesses. You follow that? The CEOs who cut jobs got the largest rewards.
The CEO of Intel has joined the ranks of those labeling big government as the cause of our economic slump, not the solution. In his illustration, it costs an extra 25% to create a $4 billion microchip plant in the U.S., rather than overseas.
Instead of always playing defense, Democrats should go on the attack in the tax fight by accusing the Republicans of being shills for the rich. Then they should cut taxes for all lower-income Americans.
Here are just a few of the mainstream truths Democrats could advance, while also noting what extremism has wrought: an economy that has failed the middle class, and an atmosphere of fear and loathing that has paralyzed needed actions.
Should we really believe that 20 million people purchasing luxury goods such as jewels, fashion, yachts, private planes and lavish international travel will be a major boost to the U.S. economy! Come, on.
We do not have an immediate deficit crisis. We have an immediate jobs crisis. We cannot hope to shrink the deficit if the economy fails to grow or create jobs -- or worse, if it falls back into a double-dip recession.