It's What I've Been Saying

Last night, Rachel said what I've already been saying- that last year the CEOs of this country did very well for themselves (some of those which we, the American People, bailed out) while the rest of us...not so well.

Here are the resources she sited:

USA Today:  CEO pay soars while workers' pay stalls

McClatchy: Strong corporate profits amid weak economy- What's up with that?

Here's the interesting thing- if you read the McClatchy article, here's what it says:

"Regalia and other analysts think several factors are behind the strong profits, which seem to contradict other indicators of an underperforming economy, especially the 8.9 percent unemployment rate. These factors include record low interest rates since late 2008, muted demand for borrowing by companies and a surge in productivity that has allowed companies to do more with the same number of workers or fewer.

Profits aren't rising solely because companies are making and selling more widgets to keep up with customer demand, which would be the case in a healthy, booming economy. Instead, they're more profitable because it now costs less to make the same widget, often because there are far fewer workers needed to make it."

Listen, I can read between the lines as much as anybody.  Here's what this really means- companies got rid of their workers when the economy tanked.  The rest of the employees were expected to do twice as much work to take on the load and they did it because they didn't want to lose their jobs.  Now that things are getting better, CEOs are making more because profits are up.  But are they hiring more employees and helping our nation's unemployment?  No.  Are they spreading the wealth by raising wages of those employees they do have?  No.


I do not feel badly for these CEOs.


And with all these people in the private sector doing more work for the same or less pay, it's no wonder they are upset.  But rather than blame the true cause of this situation- corporate greed- some blame the public sector unions for the situation.


This is why all hard working Americans must ban together- not fight amongst each other.  WE bailed out these companies who CAUSED this problem.  When do we get rewarded for our hard work?  They certainly are!