We believe the white people of #OccupyWallStreet need to understand something: the feelings of economic insecurity, political powerlessness, and lack of support that have brought so many of us to the protests at Liberty Park have been lived by many of the people of color in this country for centuries.
GOP Leaders Write Unprecedented Letter Urging The Federal Reserve To Keep Unemployment High | ThinkProgress
In a move without precedent in the modern era, Republican congressional leaders including House Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), Senate Minority Leader Mitch McConnell (R-Ky.) and Senate Minority Whip Jon Kyl (R-Ariz) have penned a letter to Federal Reserve Chairman Ben Bernanke urging him not to take any steps to help the economy.
If I lived in a city, I would be printing copies of this to leave around unemployment offices, on random bus seats, in laundry mats - places where folks who may not pay that close attention to politics, but who are hurting might find and read it. The regular news programs people are more likely to watch than the 24 hour news programs we junkies follow, probably won’t cover this.
Just in case yall forgot..
DOOCY: Meanwhile, come and get your copy. President Obama’s jobs bill, hot off the presses — at Kinko’s? Hundreds of billions in tax hikes and new spending bound together with a chintzy clip. Look at that thing.
BRIAN KILMEADE (co-host): Right.
EDIT: “GTFOH. POTUS needs a shirt, “Motherfucker I’m about those jobs. Fuck a paperclip.” - My friend, Jasmine
NEW YORK (CNNMoney) — Amid a still struggling economy, more Americans fell below the poverty line last year, according to new census data released Tuesday.
The nation’s poverty rate rose to 15.1% in 2010, its highest level since 1993. About 46.2 million people are considered in need.
The government defines the poverty line as income of $22,314a year for a family of four and $11,139 for an individual. The Office of Management and Budget updates the poverty line each year to account for inflation.
As for middle-class American families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.
Overall, median income has changed very little compared to rising consumer prices over the last 30 years. Adjusted for inflation, the middle-income family only earns 11% more than they did in 1980, while the top 5% richest Americans saw their incomes surge 42%.
Amplifying that trend, the bottom 60% of American households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.
The figures weren’t very surprising, given the unemployment rate remained above 9% in 2010 and the number of Americans who have been unemployed for six months or more surged to an all-time high during the year