The new Forbes list of the 400 richest Americans is up 51 billionaires from last year. Corporate CEO's are really raking it in since the bushcrimefamily took over the country and gave us all those great tax cuts and handed out corporate welfare. The economy is sure growing for the rich guys in bush's base- The Have's and the Have More's as he likes to joke.
While rich people are living the American Dream, and then some, a lot of American's wages are falling or staying the same. A million more people entered the ranks of the officially impoverished in 2001. The poverty level is pretty outdated though. It lists a family of 4 who live on $18,810 or less in 2003 as poor. That's $362/week. Oh yeah? That's not poor. That's destitute. A family of four earning twice that would be poor. $36,000 would be a destitute/homeless family of 4 living in a tent next to the Meadowbrook Parkway in the bushes on Long Island.
The median income dropped last year. It's something like $43,000. That means half the people employed make less than that. I don't know where you live, but it doesn't buy much of an American Dream unless you're part of a 2 income household, you are 35 years old and still living with your parents or you just graduated from college. The share of income going to the middle class dropped last year to nearly the lowest on record. Income share from the bottom 99 percent transferred to the top 1 percent due to changes in federal tax policy from 2001 to 2003. There you go, midddle class bush lovers. He's the man. NOT. Households with incomes above $1 million will receive tax cuts averaging $123,600 in 2004, says the Center on Budget and Policy Priorities. That will cause their after-tax income to jump by more than 6 percent -widening the gap with those below.
Two-thirds of the American people say the American Dream is becoming harder to achieve, especially for young families, and they point to financial insecurity and poor quality public education as the most significant barriers. Of course the rich folks don't take a particular liking to public education. That's downright socialist.
There's an 11 percent increase in the number of Americans who say the government is more of a hindrance than a help. 85 percent say that local, state and federal government must work together to give people a fair shot at achieving the American Dream. The American Dream is thought of as financial security, living in freedom and having good health. Who's got that? patriot act, lost wages, health care costs rising, medicare going down the toilet Lately just trying to make ends meet for many families especially if they are not well educated, will tie them to grueling jobs and make them ill.
A very underreported story is a study by Cornell University and the University of Massachusetts at Amherst conducted the study for the U.S.-China Economic and Security Review Commission. The study sees 406,000 U.S. jobs shifting overseas in 2004. Almost 40% of those jobs are from unionized workplaces. How very surprising. Know what else isn't surprising? Look how many US Corporate Media Outlets picked up this story. Who says that the media isn't liberal? The corporate media hates middle class Americans.
All we have to do is go back to community college and then we can learn new skills in I don't know what because no one ever says what fields will be opening up in the near future... or we can move to India or China cause that is where all our jobs are going.
To find out which companies are outsourcing jobs in your area, visit Job Tracker website. I found out that these companies in my area are outsourcing jobs by putting in my zip code. This is just a tiny sampling of companies in my area that are outsourcing jobs. Look at who they are.
AMERICAN EXPRESS COMPANY -NEW YORK, NY Services
DUN & BRADSTREET CORPORATION -SHORT HILLS, NJ Services
ERNST & YOUNG LLP -NEW YORK, NY Services
FINANCIAL TECHNOLOGIES INTL -NEW YORK, NY Services
INTERNATIONAL BUS MCHS CORP-ARMONK, NY Services
MCKINSEY & COMPANY INC -NEW YORK, NY Services
NORTEL NETWORKS INC -NEW YORK, NY Services
PRICELINECOM INCORPORATED -NORWALK, CT Services
TIME WARNER INC -NEW YORK, NY Communications
VERIZON COMMUNICATIONS INC -NEW YORK, NY Communications
ALTRIA GROUP INC -NEW YORK, NY Manufacturing
AMERICAN STANDARD COMPANIES -PISCATAWAY, NJ Manufacturing
BRISTOL-MYERS SQUIBB COMPANY -NEW YORK, NY Manufacturing
ETHAN ALLEN INTERIORS INC -DANBURY, CT Manufacturing
HOFFMAN/NEW YORKER INC BLOOMFIELD, NJ Manufacturing
INGERSOLL-RAND COMPANY -WOODCLIFF LAKE, NJ Manufacturing
INTERNATIONAL PAPER COMPANY -STAMFORD, CT Manufacturing
JOHNSON & JOHNSON -NEW BRUNSWICK, NJ Manufacturing
MAIDENFORM INC -BAYONNE, NJ Manufacturing
PEPSICO INC -PURCHASE, NY Manufacturing
PFIZER INC -NEW YORK, NY Manufacturing
PITNEY BOWES INC -STAMFORD, CT Manufacturing
SYMBOL TECHNOLOGIES INC -HOLTSVILLE, NY Manufacturing
XEROX CORPORATION -STAMFORD, CT Manufacturing
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