Upper Left

A Democrat - without prefix, without suffix, without apology.
Wednesday, November 16, 2011
Wednesday, August 24, 2011
Honk.
Hat tip to Tina Dupuy at Crooks & Liars.
Labels: Corporations, Greed, Labor, Signs Of The Times, Verizon
Sunday, July 17, 2011
From the "Me neither" file.
Chris Bowers...
As you read this, rich and powerful people in Washington, DC are trying to determine not whether they should cut programs designed to help low and middle-income Americans, but by how much they should cut those programs. The rich and powerful people in DC are making these cuts in order to pay for tax breaks they recently gave to rich people and large corporations. Additionally, the cuts are being made at the behest of the lobby organizations and media operations owned by rich people and large corporations.Me neither.
If that isn't a class war, I don't know what is.
Labels: Budget Cuts, Class War, Corporations, Lobbyists, Me Neither, Middle Class, Taxes
Thursday, July 14, 2011
If you're still wondering...
...where the money went, here's another hint, via Mary at The Left Coaster...

Labels: Charts, Corporations, Distribution Of Wealth, Income Disparity, Wages
Tuesday, April 19, 2011
Wonder where the money went?
The AFL-CIO has a notion...
While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch. Released today, data compiled at PayWatch also show CEOs have done little to create badly-needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets.I think they're on to something.
Labels: AFL-CIO, Corporations, Distribution Of Wealth, Executive Pay, Income Disparity
Saturday, April 02, 2011
Pop quiz!
From Mr. Natural…
The U.S. Chamber of Commerce is:You don't really need an answer key, do you?(A) A trade group representing small businesses, like your favorite restaurant or a local car dealership.
(B) Related to the United States Department of Commerce, a federal government agency.
(C) The official voice of the entire business community.
(D) Ruthless lobbyists who push unsustainable policies that benefit multinational corporations at the expense of people and businesses on Main Streets across America.
Labels: Corporations, Lobbyists, Main Street, Quiz, US Chamber
Friday, April 01, 2011
Wonder where the money went?
Another clue from USA Today…
At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.They're taking their class war nuclear.
Labels: CEO Pay, Class War, Corporations, Distribution Of Wealth, Income Disparity
Sunday, March 27, 2011
Wonder where the money went?
The rich lady's site, via Greenwald at Salon…
Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday..Remember when "company" was synonymous with "employer"? Where are the jobs?
U.S. corporate profits hit an all-time high at the end of 2010, with financial firms showing some of the biggest gains, data from the federal Bureau of Economic Analysis show. Corporations reported an annualized $1.68 trillion in profit in the fourth quarter. The previous record, without being adjusted for inflation, was $1.65 trillion in the third quarter of 2006.
Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.
Labels: Corporations, Economy, Jobs, Profits
Wednesday, March 09, 2011
Wonder where the money went?
It's there. All there ever was and more. You may not be getting any of it, but it's there. Harold Myerson...
Productivity increased 5.2 percent from the recovery's start in mid-2009 to the end of 2010, he found, but wages rose by a minuscule 0.3 percent. That means just 6 percent of productivity gains have gone to our newly more-productive workers.We're not broke, but something's broken.
Where is the other 94 percent going? To profits, which have been increasing at a record clip for the past three quarters. To funds on the corporations' balance sheets, which the Federal Reserve calculates at nearly $2 trillion. To shareholders. To the companies' stock buybacks.
Labels: Corporations, Distribution Of Wealth, Income Disparity, Productivity, Recovery, Wages
Friday, May 14, 2010
Maybe it's time to open a "Sic 'Em, Barry" file...
...for stuff like this...
[W]e got our mops and our brooms out, we're cleaning stuff out, and they're sitting there saying, 'Hold the broom better.' 'That's not how you mop.' Don't tell me how to mop. Pick up a mop! Do some work on behalf of the American people to solve some of these problems....and this...
After they drove the car into the ditch, made it as difficult as possible for us to pull it back, now they want to keys back. No! You can't drive. We don't want to have to go back into the ditch. We just got the car out....and this, too...
I did not appreciate what I considered to be a ridiculous spectacle during the congressional hearings into this matter. You had executives of B.P. and Transocean and Halliburton falling over each other to point the finger of blame at somebody else.More, please.
Labels: Big Oil, Corporations, Obstruction, President Obama, Republicans, Sic 'Em Barry
Wednesday, September 23, 2009
From the "If you lie, we will call you out" file.
PG&E Chairman and CEO Peter Darbee in a letter announcing the company's resignation from the U.S. Chamber of Commerce...
We find it dismaying that the Chamber neglects the indisputable fact that a decisive majority of experts have said the data on global warming are compelling and point to a threat that cannot be ignored. In our opinion, an intellectually honest argument over the best policy response to the challenges of climate change is one thing; disingenuous attempts to diminish or distort the reality of these challenges are quite another.Hat tip to Under The Influence.
Labels: Climate Change, Corporations, Energy Policy, Peter Darbee, PGE, US Chamber







