Met with Colorado legislators last night and showed Inequality for All. Meet with governor for breakfast this morning. Then back to chilly Chicago to show the film at U. of Chicago Institute of Politics (promised David Axelrod Id trek back). Meanwhile, US economy produced a pathetic 74,000 jobs in December -- the worst job growth in 3 years. Even if number gets revised upward, as expected, the reality is this is the most anemic recovery on record. And the reason is the vast middle class and poor dont have the purchasing power needed to lift the economy out of the doldrums. Median household income continues to drop, adjusted for inflation, while 95 percent of the economic gains from this recovery have gone to the top 1 percent. This is why we need (1) a living wage, (2) major new infrastructure spending, (3) extended unemployment benefits, (4) a larger Earned Income Tax Credit, (5) unions for low-wage workers, (6) exemption of first $20K of income from Social Security payroll taxes (and lift cap on income subject to them to make up difference), (7) resurrection of Glass-Steagall and limits on size of big banks. And more. More basically, we need a national movement for better jobs and wages -- a movement to reverse the widening inequality thats destroying our economy and undermining our democracy. (See Inequality for All now on iTunes, DVD, and On Demand.)
Posted on: Fri, 10 Jan 2014 15:04:30 +0000
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