Page 684 - Graph News Today

Can. >> i want to turn you to politics. you had the president in your state friday, actually, and i want to play something that he said while he was in michigan. >> now, this morning we learned that our economy grew by 2.4% in the second quarter of the year. so that means its now been growing now for one full year. our economy is growing again instead of shrinking. >> i will put up for our audience a graph, and i know you know this, but in the fourth quarter of last year economic growth was 5%. ...

The second quarter of the year. so that means its now been growing again for one full year. our economy is growing again instead of shrinking. >> okay. now, im going to put up for our audience a graph. and i know you know this, but in the fourth quarter of last year, economic growth was 5%. in the second quarter that just ended of this year, its about half that, 2.4%. isnt that economy along with the 13% unemployment rate you have in michigan a difficult sell? >> yeah, i think its a real challen...

Better. if you had eternal tax cuts going on, the republicans would have increased the deficit by many, many, many, many trillions of dollars. as long as it expired after ten years, when cbo does their calculation, cbo has to say these are gone after ten years so theyre not that big. now were dealing with something where republicans are saying democrats want to increase the deficit. theyve done too much on the deficit. on the other theyre saying, we want to allow these tax cuts to go on which is...

You cant increase the deficit outside of ten years using reconciliation. the other is it made the long-term budget deficit look better. if you had eternal tax cuts going on, the republicans would have increased the deficit by many, many, many, many trillions of dollars. as long as it expired after ten years, when cbo does their calculation, cbo has to say these are gone after ten years so theyre not that big. now were dealing with something where republicans are saying democrats want to increase...

Compensation peer groups to artificially inflate pay for their chief executives. so they pick out other overpaid ceos and choose them as examples of why they need to over pay their ceo. neat system, huh? this whole system would be more frustrating than intourç ratin if it werent for the fact that ceo pay is a cause and symptom of the sagering increase of unequalty in this country. take a look at this. this is how much better the poorest people in america are doing now compared to 1979. this is...

The income of the very richest among us has shot up by 281% since 1979. the inequality represented in that graph doesnt just mean the rich are doing well and the poor are doing badly. it means there is a social pyramid in this country and as you climb it you encounter a smaller and smaller group of people doing better and better while everyone at the bottom stays where they are. it is precisely this kind of systematic inequality that caused enron to countrywide and helped drag the economy into n...

Artificially inflate pay for their chief executives. so they pick out other overpaid ceos and choose them as examples of why they need to over pay their ceo. neat system, huh? this would be more frustrating than infuriating if it werent for the fact that ceo pay is both a cause and a symptom of the staggering increase of inequality in this country. take a look at this. this is how much better the poorest people in america are doing now compared to 1979. this is adjusted for inflation. its income...

1% of americans are doing now. the income of the very richest among us has shot up by 281% since 1979. the inequality represented in that graph doesnt just mean the rich are doing well and the poor are doing badly. it means there is a social pyramid in this country and as you climb it you encounter a smaller and smaller group of people doing better and better while everyone at the bottom stays where they are. it is precisely this kind of systematic inequality that incentivized the corporate thou...

Thats the blue part of this graph. under budget reconciliation, youre only allowed to do that for a ten-year period. so congress back then essentially locked congress now into making a choice about whether to keep the tax cuts which expire at the end of this year. and the way its set up, the decision to let those tax cuts go away looks like a tax hike, which of course is dangerous ground for lawmakers in an election year like this. problem is, america isnt in its skinny jeans anymore. so youd th...

Because they dont take the benefits. they dont take social security or medicare. >> neil: in the case of anchor babies, they do. >> when the anchor baby grows up, yes. >> neil: you report and studied this but how big an issue is this? you hear the anchor baby issue, we make a big deal but the numbers are not so small. >> its not the biggest problem. i wouldnt put it first. i think so many of these problems are misconstrued. the crime problem, crime is dropping in arizona and california and arizo...