Corporate America is getting a little too cocky. They think that by bringing scones to the Tea Party, they’re getting off the hook for our nation’s problems. But Tea Partiers aren’t stupid. Pretty soon they’ll notice the sullied hands serving the rotten crumpets.
Consider this. Exxon earned more than $9 billion in the fourth quarter of 2010, a 53% increase over 2009. This during the depths of recession that has millions out of work. A full year profit of 30.5 billion as compared to a 19.4 billion dollar profit in 2009.
That’s profit. After all costs are paid. Profit is what’s is left over. 30.5 Billion Dollar profit. But no leftover crumbs at the party for the average Joe.
US economic output has regained its pre-recession high. Our Gross Domestic Product reached 13.38 Trillion. A big jump over 2009’s 12.81 Trillion. That’s Gross Domestic Product. What we produced here, in the United States.
Somehow unemployment stays stuck at 9%. And worse, underemployment rankles the average worker. Half the jobs lost during the recession were higher wage jobs paying from $17 to $31 an hour. Of the jobs created during the first 7 months of 2010, 76% paid $8.50 to $15 an hour.
It’s no wonder folks are angry. So far, the Tea Party has directed that anger at the government. You know, the one that writes them their unemployment checks despite massive deficits.
But corporations should remember. It wasn’t just the English Government’s Stamp Tax that suffered in the original Tea Party. The companies charging through the nose for tea got stuck as well.
So how long do you think before some twitterer takes a page from the Egypt revolution and starts taking on the fat cats who are failing to trickle down their high-calorie profits?
We’re just a tweet away from a Twev-olution.
Tweet Party anyone?
America, ya gotta love it.
Monday, February 28, 2011
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