May 23, 2005

Some FACTS About Democratic Administrations

The truth about Democrats and Republicans is this: Republicans run effective "marketing campaigns," then once in office, tend to do the opposite of what they say. Democrats, while much more honest and detailed in outlining their political positions, have done a terrible job at winning "hearts and minds" in recent elections. Democrats are working hard to change this reality. I stand firmly with like-minded progressives who wish to end the rule of the "Hungry-Hungry Hippos". (Money-hungry, hypocritical Republicans)

Chairman Dean stated this weekend on Meet the Press, "I'm not going to be lectured about my values by someone like Tom DeLay." Amen, Chairman Dean... and for my part, I'm not going to be lectured about fiscal responsibility by a Republican Party with this kind of 45-year track record... once again, the RECORD doesn't match the RHETORIC...

Dating back to 1960:

Democratic administrations - Federal spending up on average $35 billion/year Republican administrations - Federal spending up an average $60 billion/year

Democratic administrations - Federal deficit averaged $30 billion/year Republican administrations - Federal deficit averaged $131 billion/year

Democratic administrations - Federal deficit decreased by an average of $25 billion/year Republican administrations - Federal deficit increased by an average of $36 billion/year

Democratic administrations - National debt increased less than $100 billion/year Republican administrations - National debt increased by more than $200 billion/year

Democratic administrations - Gross domestic product in 2000 dollars - Increased $212 billion/year Republican administrations - Gross domestic product in 2000 dollars - Increased $165 billion/year

Democratic administrations - per capita income increased 30% more than in Republican administrations

Democratic administrations - Average 3.13 percent inflation Republican administrations - Average 3.89 percent inflation

Democratic administrations - Unemployment 5.33 Republican administrations - Employment 6.38

Source: Michael Kinsey, LA Times

Supersize This

How CEO Pay Took Off While America’s Middle Class Struggled
by John Burton and Christian WellerMay 23, 2005

The American dream is one of upward mobility. We believe that if you work hard and play by the rules, you should be able to provide for your family and ensure that your children have greater opportunity than you were afforded. But today, the dream of true upward mobility has been limited to a select class of corporate executives while the dreams of middle-class families have been deferred. Corporate CEOs have enjoyed record levels of compensation and corporations have seen record profits, as more and more middle-class Americans are experiencing stagnant wages and vanishing benefits. This expanding inequality is not the American dream.

  • CEO compensation is out of orbit: At the 350 largest public companies, the average CEO compensation is $9.2 million. Compensation for oil and gas execs increased by 109 percent between 2003 and 2004.
  • In 2004, the average CEO received 240 times more than the compensation earned by the average worker. In 2002, the ratio was 145 to 1.
  • These levels of CEO compensation are not the norm for the industrialized world. Typically, CEO pay in other industrialized countries is only about onethird of what American CEOs make.
    Highly-compensated CEOs are not being rewarded for performance with theinterests of shareholders in mind, the “textbook” explanation of CEO compensation, according to an extensive body of research and reporting.
  • After-tax profits are booming and corporate America can easily afford to offer fair wages and benefits to rank and file employees. Unfortunately, while CEOs have enriched themselves, middle-class families have taken hard hits to their paychecks, their health coverage, and their pension plans.

Full report in PDF