We are the 99%! Join us at the San Juan County courthouse at Second and Reed Streets. 11:30am-1:30pm (but come and go as your personal schedule permits). It will be a beautiful day if the local meteorological intuitives are right:
We are the 99%! Join us at the San Juan County courthouse at Second and Reed Streets. 11:30am-1:30pm (but come and go as your personal schedule permits). It will be a beautiful day if the local meteorological intuitives are right:
Keep OFH on a roll! Join the throng at the San Juan County courthouse at Second and Reed Streets. 11:30am-1:30pm (but come and go as your personal schedule permits).
On the weekend of the second anniversary of the Citizens United decision, with temperatures in the low-to-mid 30s and six inches of snow on the ground, a hardy group of some twenty or so occupiers nonetheless turned out to stand up for democracy:
Yes, buoys and gulls, we are more on than ever for tomorrow’s Occupy in observance of the second anniversary of the Citizens United decision. The forecast has improved somewhat, although it will still be cold and wet. Hey, are we or are we not Northwesterners? (I’m from Texas, y’all)
See you there and bring a friend!
YES! We are still planning to hold our Citizens United anniversary demonstration and still hope to have a larger than usual group. The forecast calls for it to remain below freezing until sometime Friday with little, if any, additional snow. Road crews should have most major thoroughfares (e.g. Bailer Hill) cleared and sanded by then.
It may well rain Friday and will definitely still be cold. So layer up, bundle up and take steps to keep as dry as possible.
Wow. I can’t help but re-post this item from University of Arizona professor (Socciology and Political Science) Lane Kenworthy. It demonstrates why it is that corporations and wealthy individuals are doing well – GDP keeps increasing – but the average family is struggling. All that GDP growth is going to just a few people:
September 3, 2008
The economic challenges and strains facing middle-class Americans are likely to get a good bit of attention between now and election day, at least from the Obama campaign. They include sluggish income growth, heightened financial insecurity, rising health care and college costs, and falling home values. Each of these is important, but the most critical in my view is slow growth of incomes.
The following chart tells the story. It shows inflation-adjusted GDP per capita and median family income from 1947 (the earliest year for which the income data are available) to 2007. To facilitate comparison of the over-time trends, each is indexed to its 1973 level. Since the mid-to-late 1970s, growth of income at the median has been slow — very slow — relative to growth of the economy. The current decade, with no improvement at all in median income, is especially striking.
The dashed line in the next chart shows what median income would have looked like had it risen in sync with per capita GDP. The difference is huge: in 2007, the median family’s income would have been $91,000 instead of $61,000.
Various excuses and rationalizations have been offered: It’s okay because Americans now get more in employer benefits instead of in their paycheck. Family size has shrunk, so slow income growth isn’t a big deal. A lot of those in the bottom half are immigrants, and even with slow income growth they’re better off than they would have been in their native country. None of these is compelling (see here or here).
The disconnect between economic growth and middle-class income growth is due largely to rising inequality. In the past several decades much of the economy’s growth has gone to those at the top of the income distribution.
Faster income growth wouldn’t render other middle-class strains irrelevant. But it would help.
On the eve of the second anniversary of the Citizens United decision, we need to turn out en masse to demonstrate public outrage at the single most egregious affront to our democracy since perhaps the Dred Scott decision. Got friends? Ask them to come out. Let’s shoot for 50 people or more.
Some two dozen intrepid occupiers turned out on a brisk sunny day to demonstrate solidarity with middle class values.
This morning, Alan Krueger, Chairman of the President’s Council of Economic Advisers (CEA), gave a speech at the Center for American Progress. We can only hope that his remarks hopefully portend the administration’s actions with respect to future economic policy. Here is a summary of his most salient points:
“Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand. They think, deep in their hearts, that they are better than we are because we had to discover the compensations and refuges of life for ourselves. Even when they enter deep into our world or sink below us, they still think that they are better than we are. They are different.”
— F. Scott Fitzgerald, The Rich Boy
Kudos to Ezra Klein of the Washington Post for his original posts and the others cited above for their work. Also to Scott Fitzgerald for nailing down what rich people are really like long before I was born.