You will never see an increase. The GOP has decided to pander to the wealthy and only ask the middle class or the poor to "tighten it's belt." Now, they like to demonize middle class public servants and suck up to big business and banks.
And the partisan blindness begins.
Yes, because Obama does not pander to any big businesses or banks. It's not like he is hand-picking who succeeds and who fails.
Interesting that all the companies getting a leg up in his economy are the ones that donated to his campaign.
But which corporations are behaving admirably? Whom do we turn to in these dark times? Who can be bought to do the right thing?http://reason.com/archives/2011/02/09/o ... capitalism
"Right now, businesses across this country are proving that America can compete," Obama explained, listing a number of businesses that get it, such as Caterpillar, Whirlpool, Dow, and a company named Geomagic.
All of these phenomenal success stories (thanks to Ira Stoll at the blog "The Future of Capitalism" for pointing this out) also share, in one way or another, the privilege of feeding at gov'ment's welfare trough. Oh, yes, these exemplars of good corporate citizenry prove they can compete in a marketplace with taxpayer funds. Which will no doubt make them more compliant with the administration's wishes.
General Electric's CEO, Jeffrey Immelt, whom Obama recently appointed to lead his new panel on "job creation," understands this new reality. One of the nation's most effective cronies, Immelt's company has benefited from government bailouts, waivers, and lines of credit. A real icon of capitalism, Immelt.
One example of partnership in action is the $24.9 million in stimulus money GE received, primarily for “green technology” projects. This payout was only slightly more than the $23.4 million GE forked over last summer to settle charges brought by the Securities and Exchange Commission that the corporation had violated the Foreign Corrupt Practices Act by paying kickbacks to Iraqi government agencies to win domestic infrastructure building contracts. Whether the White House will continue to oppose General Electric’s alternative engine for the Joint Strike Fighter - or will grant the corporate giant the same Obamacare waivers it has given many of its major labor-union supporters - remains to be seen.http://www.washingtontimes.com/news/201 ... apitalism/
Mr. Immelt’s coziness with the Obama team could be bad for business in the long run. His chummy relationship with Mr. Obama will bring heightened scrutiny from Congress to investigate whether the company is reaping unfair advantage. Despite Mr. Obama’s repeated claims of opposing corporate lobbying, GE has spent more than any other business to lobby the Obama White House. On Monday, FreedomWorks and the Free Enterprise Project launched a campaign to have Mr. Immelt replaced as GE CEO, calling him a “poster child of what’s wrong with business leaders today.”
Fast-forward to the present day. Lobbyists, reports the Center for Responsive Politics, had a record 2009 in Barack Obama's Washington. Despite candidate Obama's promises to shun them, they raked in $3,470,000,000. Somewhere up there, Tommy Corcoran is chuckling.http://washingtonexaminer.com/politics/ ... z1FOwPuf2x
Last week, amid Washington's blizzards, Obama was asked about the $17 million bonus awarded to JPMorgan Chase Chief Executive Officer Jamie Dimon and the $9 million bonus for Goldman Sachs CEO Lloyd Blankfein.
"I know both these guys; they are very savvy businessmen," he said. "I, like most of the American people, don't begrudge people success or wealth." So much for campaign-trail denunciations of "fat cat" bankers and bloated bonuses.
At least try to be consistent when you level the criticisms.
Both parties protect those who give them money. The Democrats aren't angels either, yet I guess to you they are.