In the current debates over unemployment benefits, the minimum wage, the working poor and economic stresses on the middle class, the term “trickle down economics” has disappeared. For years it was touted as the solution to these issues and justification for many economic decisions including tax reductions. While the “top” (large corporations, the so-called top 1 percent) are clearly doing well, the promised trickling down to the vast majority has not materialized. I guess that really does disprove the concept once and for all.
I hope the city of Lawrence thinks twice about paying the overage on the paving of the roads. At least send someone out to look at the “great” job they did, only five months after they were completed they are all falling apart. Have the company come back and fix the mess they and Willy made!
Obama says he will close the gap between the wealthy and the middle class and I say good luck to him and I hope he does. He will go down as one of the greatest presidents. History shows us that we have had only one era of middle class and that was right after World War II for the next 30 years or so. People then were living the good life. They had a house, car, belonged to clubs, played tennis and golf, took trips. Nowhere else in our history has the middle class lived like that. Why don’t we notice or admit that the entertainment world has brought this disaster down on us that is the athletes, rock stars, movie stars etc. These people have been reaping in enormous amounts of money, for at best, mediocre performances. With now our overblown population, Obama will have all he can do just to get jobs for everyone. There always have been remarks about socialism. I hope the day doesn’t come when it will look good to us, but that wouldn’t be a bad thing. At least we wouldn’t have the 1 percenters.
The giant fast food and retail chains pay their workers a poverty-level minimum wage while making enormous profits and paying their CEOs tens of millions of dollars a year. They pay so little that their workers require Medicaid and food stamps to get by. Indeed, McDonald’s actually has the audacity to post instructions on how to apply for these programs on its employee web site. This means that we taxpayers are subsidizing their profits to the tune of billions of dollars a year -- $7 billion for the fast food industry alone. If you want to reduce the cost of social programs, it is far more effective to pay all workers a living wage and let them spend the money in the economy (creating more jobs) instead of the government spending it to bolster their employers’ profits.
A funny thing happened at the stakeholder’s meeting on Monday at the Plaistow Town Hall. We learned that only one representative from the town of Plaistow is on this committee. The person chosen, oddly enough, is very much FOR this layover station to be built in Plaistow. So, those who do not agree that it is something our town wants (note we even voted against it two years ago) are not being given a chance to be part of the investigative committee. So, Plaistow, is this how democracy works? You choose one person who wants this thing so you can appear to be “equal” to all?