14 January 2007

I dub myself the Oracle of Cynicism. Check these extrapolations from a single news article:

1) Corporations don't give a shit about your average worker. What is GOOD FOR YOU IS BAD FOR THEM. Case in points:

"The average hourly wage jumped 8 cents, or 0.5 percent, to $17.04, versus forecasts for a 0.3 percent increase."

How does Wall Street respond?

"On Wall Street, stock and bond prices fell as the report raised inflation concerns and dashed hopes that the Fed might cut interest rates soon."

"Stock traders basically got a little bit of good news on employment front since they were worried about weakness, but they'll be concerned about the wages," said Anthony Chan, chief economist for JPMorgan Private Client Services.

They want workers to work more for less, DESPITE the US's consumer-driven economy:

"Chan said the report could show that consumers will keep spending at higher than expected levels, which could limit any expected slowdown in the economy this year. "Betting against consumers is like betting against the house at the casino," he said."

2) You may think that's hypocrisy, but this is even better:

""This is further evidence that the president's economic policies are working and producing strong wage gains for America's workers, and we should be cautious of future policies that would slow these gains," Labor Secretary Elaine Chao said in a statement."

Ohhhmmmm ... ohhhhhmmmmm ... I'm seeing a vision ... it's ... it's President Bush and his minions ... they're opposing something vehemently ... the blue-blooded, overpaid failures of executives and felons within the administration are opposing ... RAISING THE MINIMUM WAGE.

Wait, hold on ... the Democratss are being labeled as being just as bad as the bloodsucking Republicans for not both raising the minimum wage AND tying it to inflation, so that it'd actually be somewhat fair. Possibly even livable. The conservative pundits insinuate they're failing to push their agenda through due to lack of leadership, but the situation is a result of the Dems being forced to compromise with the unyielding Republicans, who'll allow a lower wage hike as long as they can piggyback something on the bill ... what is it ... I see numbers and ... oh it's another corporate kickback to make the "transition" more bearable for corporations. And also more 'competitive', at your expense.

No comments: