Corporate America's Increasing Attacks on Americans
Today, according to a report from ABC News, Verizon has decided to stop "making contributions to the pension plans of non-unionized managers and would instead offer them 401(k) plans, beginning in 2006."
Verizon officials suggest this will save their company$3 billion dollars a year when they made a $4 billion profit last year. American workers are increasingly under attack from corporate leaders in America. Those people that are against Unions need to rethink their stance. Unions are simply workers who are trying to make a liveable wage. If a company clears several billion dollars per year in profits, why shouldn't their employees be able to make enough money that they can afford a mortgage and a decent car?
One of the worst in corporate America is Wal-Mart! Even though Wal-Mart clears billions of dollars a year, they continue to pay their employees, $8, $9 and $10 per hour. Most of them are restricted to less than forty hours per week so that Wal-Mart does not have to pay them benefits! I have even heard that in some Wal-Mart stores, employees are instructed how to get on public assistance because their wages are so low.
I agreed with President Reagan's trickle down economics but America's greedy executives have kept it from working. Many of these executives and CEO's are worse than some of America's worst criminals and belong in prison.
Jay Mc
Verizon officials suggest this will save their company$3 billion dollars a year when they made a $4 billion profit last year. American workers are increasingly under attack from corporate leaders in America. Those people that are against Unions need to rethink their stance. Unions are simply workers who are trying to make a liveable wage. If a company clears several billion dollars per year in profits, why shouldn't their employees be able to make enough money that they can afford a mortgage and a decent car?
One of the worst in corporate America is Wal-Mart! Even though Wal-Mart clears billions of dollars a year, they continue to pay their employees, $8, $9 and $10 per hour. Most of them are restricted to less than forty hours per week so that Wal-Mart does not have to pay them benefits! I have even heard that in some Wal-Mart stores, employees are instructed how to get on public assistance because their wages are so low.
I agreed with President Reagan's trickle down economics but America's greedy executives have kept it from working. Many of these executives and CEO's are worse than some of America's worst criminals and belong in prison.
Jay Mc
posted by JayMc at 6:22 PM
3 Comments:
Jay,
To bad we don't have a President who is willing to fight on our (and our pension's) behalf.
It's too bad that we don't have any political party that will fight for our behalf. Republicans and Democrats alike are NOT for the working American. Bush did give a message to corporate America telling them not to do this type of thing but we know they won't listen. Under Bush's administration though, TYCO's CEO was convicted and sent to prison, let's hope the same happens to Kenneth Lay and other crooked CEO's! So, it looks like Bush has been better for us than Clinton, seeing that all of this began with Clinton's administration.
We need to place some blame at the feet of the Clinton administration, definately. But the responsibility for this kind of policing ultimately falls on the shoulders of the FTC. And we all know how Republicans feel about beaurocratic government agency regulation.
And Bush seems distracted and unwilling to devote attention to worker issues. (Remember he's lived a life of privelge.) He is distracted by Iraq, ANWAR drilling, signing HUGE spending bills, and privatising Social Security.
You're right the parties are underperforming in this area. Parties are an amalgamation of many vioces, while the President alone controls a powerful "bully-pulpit."
The President is in a unique postition to be a worker's advocate. (Think FDR) But Bush is beholden to many campaign promises. He knows not to bite the hand that feeds you.
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