It was Hydra (hence the profile pic). The bet was essentially whether or not Dan Langhi would be a starter. I Will never post again.... | ClutchFans
the intellectual dishonesty of byron york, who never bothered to dig up the reasons why poverty rate jumped from 2021 to 2022 the Child Tax Credit/Eared income tax credit, as well as pandemic stimulus payments, all passed under Biden's watch, lowered the poverty rate from 9.7% (2020) to 5.2% (2021) when these tax credits were allowed to expired, as well as the ending of the pandemic stimulus payments, the poverty rate jumped up to 12.4 % in 2022 Despite requests from President Biden to extend the credit enhancements, Congress---including Dems in name only, Manchin and Sinema, allowed those measures to expire at the end of 2021.
“Shifting into the present and into the future, the prospects are better for wages to make up for some of the ground lost during the last couple of years,” Adams said. More at link provided by @Commodore So we are just behind a year on data, but as per the article this year's numbers are looking strong.
Here is the head of Goldman sacks saying Lina khan has single handily changed American capitalism. Mergers are down by over 60% bcz corporations and hedge funds looking to screw over workers can't do it no more. We have finally have a regulator who's taking on corporations head on. Your bernie bros @fchowd0311 @glynch who claim corporations rule America and both parties are beholden to them are just as clueless and illiterate as MAGA. Elections matter
In its opening statement, the DOJ said ",,,For nearly two decades, Google has served as the “on-ramp” and gatekeeper of the digital world through its dominance of search engine functions. The scale and data advantage held by Google make it all but impossible for new entrants to gain a foothold in the search engine market. Google’s dominance over search not only ‘hermetically seals off competition,’ but also allows it to flex its power to influence how other companies, like Apple and Samsung, market and develop their own products.......”
Do you have a fairly unbiased material source on this subject? Khan has interested me. I have zero knowledge on this subject.
Historic move that a court ordered custody of corporate officals for violations of labor law. Wow... nlrb hasn't taken this sort of action in history! New precedent was set. I wonder if bernie bros @fchowd0311 still think elections don't matter and corporations rule America. Bernie bros = MAGA
https://www.wsj.com/articles/census...l-welfare-spending-3897dbed?mod=hp_opin_pos_1 The Census Exposes Bidenomics Its annual report shows how inflation has gutted real household incomes. By The Editorial Board Sept. 13, 2023 at 6:32 pm ET You almost have to admire the brass of the Biden White House. The Census Bureau reported Tuesday that Americans are poorer under Bidenomics, and the President quickly changed the subject to blame Republicans for rising child poverty on his watch. As usual, too many in the press corps bought the spin. Mr. Biden is trying to avoid the real story, which is that the Census Bureau says median household income adjusted for inflation fell last year by $1,750 to $74,580. It is down $3,670 from 2019. Households in the fourth income quintile—those making $94,000 to $153,000—lost $4,600 in 2022 and $6,700 since 2019. Middle-class Americans who think they’re losing ground are right. *** The reason is that inflation has outpaced the earnings growth from work. Real median earnings for full-time workers last year fell $3,620 for men and $2,880 for women despite a tight labor market that had companies paying more to attract and keep workers. The female-to-male earnings gap declined to 16% from 18% in 2019, but mainly because inflation has eroded men’s wages more than women’s. Wages in industries with more female workers such as healthcare and hospitality rose faster than those with more male workers such as manufacturing. But neither men nor women kept pace with the cost of living. By most statistical measures, income inequality also declined last year. Even when excluding capital gains, higher earners saw a bigger drop in real incomes than Americans at the lower end. One reason is the latter group includes many seniors whose Social Security checks are adjusted for inflation. Real incomes at every decile were lower and income inequality was greater than in 2019. Americans in the bottom 10% of earners were 6.3% poorer last year than in 2019 while those in the top 5% saw their incomes decline 4.1%. Inflation invariably punishes lower-income Americans more than the affluent. These numbers don’t take into account most transfer payments that Congress enacted or expanded as part of its $6 trillion in Covid relief. These include $3,200 a year in stimulus payments per adult and $2,500 per child; a $3,600 per child tax credit whether or not you paid any taxes; larger health insurance, earned income and child-care tax credits; and more generous food stamps. These provided temporary income boosts in 2020 and 2021, but at the cost of fueling the historic inflation surge that gutted real incomes. Thus after-tax median real income last year fell $6,220 as some, but not all, Covid transfer payments lapsed. Americans with college degrees last year saw the biggest after-tax real income decline ($9,860), perhaps because they benefited most from the expanded tax credits. Democrats passed their $1.9 trillion Covid bill in March 2021 with the goal of hooking the middle class on bigger government. But the big political surprise is that Americans weren’t thrilled with the handouts. A Hill-HarrisX poll in July 2021 found that 60% of voters, including nearly half of Democrats, thought the child tax credit expansion was too expensive and no longer needed. Yet there Mr. Biden was on Tuesday lashing Republicans in Congress for not extending the expanded the child tax credit. “We cut child poverty by nearly half to record lows for all children in this nation largely by expanding the Child Tax Credit,” he declared. “The rise reported today in child poverty is no accident—it is the result of a deliberate policy choice congressional Republicans made to block help for families with children while advancing massive tax cuts for the wealthiest and largest corporations.” The child poverty rate did jump to 12.4% from 5.2% in 2021, but that is roughly the same as before the pandemic. The expiration of the expanded child credit accounted for about a quarter of the increase in the child poverty rate, though its impact was offset by an increase last year in food stamps, free school lunches and housing subsidies. Most of the increase in child poverty owed to the end of stimulus payments, inflation and higher taxes. Mr. Biden has apparently forgotten that Republicans didn’t control either branch of Congress in 2021 or 2022. West Virginia Democrat Joe Manchin blocked an extension of the expanded child tax credit because it was estimated to cost $1.2 trillion over a decade. And which tax cuts for the wealthy and corporations is he talking about? Maybe he’s confused and is referring to the Inflation Reduction Act’s green-energy corporate welfare and subsidies for electric vehicles and solar panels that largely benefit the affluent. The annual census data tell the real story of Bidenomics: A gusher of unprecedented and unnecessary social-welfare spending helped to produce the highest inflation in 40 years that has made Americans poorer. The last thing Congress should do is heed Mr. Biden’s demand to do it all again. Appeared in the September 14, 2023, print edition as 'The Census Exposes Bidenomics'.
Biden backs auto union in strike for 40% pay hike and 32-hour week https://nypost.com/2023/09/15/biden-backs-auto-union-in-strike-for-40-pay-hike-and-32-hour-week/
https://www.wsj.com/articles/united...vehicles-big-three-68a673a8?mod=hp_opin_pos_1 A UAW Strike Made in Washington The underlying cause of the auto walkout is the Biden Administration’s forced electric-vehicle transition. By The Editorial Board Updated Sept. 15, 2023 at 6:55 pm ET Shawn Fain narrowly won election as United Auto Workers president in March on a platform of new militancy against U.S. auto companies. He now has the strike he appears to have wanted, as the union simultaneously struck GM, Ford and Stellantis on Friday for the first time in history. “This boils down to one thing: It’s corporate greed,” Mr. Fain declared. The UAW is calling walkouts at select plants to minimize how much it has to pay workers from its $825 million strike fund while still causing pain for auto makers. On Friday the union targeted three truck and SUV plants that produce some of the auto makers’ most profitable vehicles. Mr. Fain wants a larger share of auto-maker profits, but Detroit’s Big Three say his demands would make them less competitive against non-union car makers like Tesla and lead to losses. He wants a 36% pay increase over four years, a 32-hour workweek with overtime for additional hours, the restoration of retiree health benefits, and defined-benefit pensions (rather than 401(k)s) for all workers, as well as cost-of-living adjustments. The three auto makers have raised their initial wage offers to increases between 17.5% and 20%, plus large one-time payments and improved fringe benefits including time off. But a 32-hour workweek and restoration of retirement benefits for newer workers, which ended when the auto makers careened toward insolvency in 2007, are nonstarters. In many ways, this strike is made in Washington because of the Biden Administration’s policy mandating a rapid transition to electric vehicles. The UAW knows that EVs require fewer workers to make and will jeopardize union jobs making gas-powered cars. But the companies already lose money on EVs and worry about making too many concessions to the UAW that will cause them to lose even more as they are forced to build more EVs. It’s hard to overstate the costs of this coerced EV transition. The Biden Administration, with California as its co-enforcer, is mandating that EVs make up an increasing share of auto-maker sales—two-thirds by 2032. California and other progressive states plan to ban all new gas-powered cars by 2035. But last year EVs made up less than 3% of Detroit auto maker sales. Auto makers are increasingly steering profits from their popular gas-powered pickups and SUVs into cranking up EV production and subsidizing their sales to meet the government mandates. GM and Stellantis in 2021 each committed to spending about $35 billion through 2025 on electric and “alternative” vehicles. Ford last year said it would invest $50 billion in EVs through 2026. Even with the Inflation Reduction Act’s generous subsidies for battery production and for EV buyers, the companies can’t accept the UAW’s demands without putting profitability at risk. Ford lost nearly $60,000 on each EV it sold in 2023’s first quarter. The companies have already laid off thousands of salaried workers, including engineers, to finance the EV transition. Assembly-line workers so far have been largely spared. But Mr. Fain knows that auto makers will ultimately have to shut down union plants that produce gas-powered vehicles, as Stellantis did a Jeep Cherokee plant last December. All of this raises the stakes for both sides at the bargaining table. The companies may decide to make greater concessions to buy short-term labor peace, especially if the White House applies political pressure. Yet the strike is reinforcing the message that auto makers should build their EVs as far away from the UAW’s reach as possible, whether in right-to-work U.S. states or Mexico. Mr. Fain may look like a hero to his members now as he fights the bosses in the C suite. But if the result is less competitive companies, the ultimate losers will be those same members when their jobs disappear. And they should direct some of the blame at the misguided industrial policy of the man in the Oval Office. Appeared in the September 16, 2023, print edition as 'An Auto Strike Made in Washington'.
This article is ridiculous connecting separate issues. The auto makers have been making good money since Obama bailed them out. The workers regardless if you agree with their demands want more. Regardless of agreeing with the push for more electric vehicles, if electric vehicles force layoffs, that's a separate issue. The auto makers haven't started layoffing workers, that's not what the strike is about
history repeats itself. ~2 generations ago, when Japanese automakers' import of 4-cylinder imports, more fuel efficient, were eating the US automakers' lunch of gas-guzzling 8-clynders cars, the big 3 were complaining that to re-tool their assembly lines to build 4-cylinder car would be cost prohibtitive. that was a lie, as all of them eventually re-toolrf their lines to build more fuel efficient cars
Stellantis is dead? Do you know how to read a balance sheet? Why do you say the most ridiculous things Household debt goes up every single year alongside assets. Why are you so damn brainwashed Jesus
