Class warfare summed up in a simple joke (with an accompanying cartoon)

To your point Cuomo seems to accomplishing some pretty good things with Medicaid reform in NYS. Got the head of Hospital union and head of Head of hospital lobby to agree to 5 bil in mandatory savings for this year.

Pretty amazing. Also is capping malpractice lawsuits at $250,000 much to dismay of NYS assembly speaker Sheldon Silver who also happens to be a partner in largest negligence law firm in NYS.

 

Yes, but it does show the old "trickle-down" Reaganomics was complete lie.

 

Agreed. The rich are rich because they are good at not letting it trickle down any more than absolutely necessary.

 

Not if you look at the Dow index.

 

So the rich got richer? While the rest of us ran in place?

Huh.

Again:

http://www.nytimes.com/2006/08/28/business/28wages.html

 

Timely article.

 

It's been reality for the last 20 years.

 

The bar graph that Rick Stain responded to runs from 1979 to 2007. The chart accompanying this article runs from 1947 to 2006.

 

Yes. I just wanted to make sure we're all clear on what the issue is. The rich didn't steal from the rest of us in the sense that there was some lost golden age where the middle class had a lot more than they do now.

The rise in productivity is the key point. They need fewer workers to produce more stuff, so the worker has no economic leverage to force them to give him more of the profits, even as those profits rise rapidly.

 

Fixed

 

I'm not defending management.
I'm simply saying that the image portrayed - that auto workers are being asked to take pay cuts that would drop them out of the middle class - is false.