January 31, 2007

It's all our fault!

George Bush is out on his Econo-palooza Tour and spoke today before a group of business leaders and took on the wage gap and exhorbitant executive pay.

The president acknowledged people's continuing nervousness about their financial picture, despite a string of similar reports that provide some reason for optimism. He said some workers are being left behind in the booming economy and the disparity between the rich and the poor is growing.

''The fact is that income inequality is real. It has been rising for more than 25 years,'' the president said. ''The earnings gap is now twice as wide as it was in 1980,'' Bush said, adding that more education and training can lift peoples' salaries.
If it's really an education and training problem, then why is Bush cutting student aid and training programs?

And you know what? We ARE willing to get trained, if need be, for the Next Big Thing, our Job of the Future. For surely, our native intelligence and can-do spirit that has worked for us so well in generations past will get us where we need to go. We are the United States! Leader in science, technology, and innovation! So we craned our necks and looked down the road for the Next Big Thing. But we see nothing. The Next Big Thing is going to be, has to be, alternative energy and biotech. But the Bushies and his corporate cronies, along with the superstitious fundies that control his party, have ignored pleas for a national Apollo Project for alternative fuels, denied the science of global warming, and have let the religious right dictate policy on scientific research. So much for the Next Big Thing.

You know what else? I am sick and tired of elites like George W. Bush, who's never had to worry about getting from one paycheck to the next, bashing hardworking Americans. I am sick and tired of elites like George W. Bush telling us that all we need to do to improve our lot in life is to get more education. Well. A lot of us did that. We went to school, got our degrees in computer science and the like. We got good jobs. And then, our jobs got shipped overseas. Or downsized. Or just eliminated altogether.

On a happier note, Bush's pleas to the business leaders to show some responsibility on executive pay wasn't exactly met with thunderous applause.
''America's corporate boardrooms must step up to their responsibilities,'' Bush said. ''You need to pay attention to the executive compensation packages that you approve. You need to show the world that America's businesses are a model of transparency and good corporate governance.''

Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, has said he will push legislation to require shareholder approval of executive compensation plans. And a separate bill before the Senate to raise the minimum wage would fund accompanying tax breaks to ease the burden on small businesses by capping executives' tax-deferred pay packages at $1 million a year.

Still, even Bush's words on pay were met with complete silence from the business crowd he addressed.
Honestly, it's a wonder his head didn't explode when he said this:
You need to show the world that America's businesses are a model of transparency and good corporate governance.

No comments: