"American Morning" reporter Ali Velshi insinuated on Tuesday’s show that corporations favor the GOP partly because "Republicans have kept hourly wages" low:
Ali Velshi: "All right, no big secret that Big Business favors Republicans, or has traditionally favored Republicans. But with polls showing that their friends in high places might be in some trouble leading into this election, Big Business has decided to cozy up with the Democrats. Corporate America likes Republicans. For the most part, Republicans have kept hourly wages and taxes low, and they keep their hands out of business as much as possible. Republicans like corporate America, and its hefty donations."
So, apparently, in addition to attempting to "criminalize science," Republicans also are the party of low wages? Perhaps that should be on a bumper sticker somewhere. Also, do Democrats not like their "hefty donations" from trial lawyers?
Last Wednesday, CNN aired Lou Dobbs's special "War on the Middle Class." Three days later, CNN's "In the Money" continued the network's pitched battle for more government regulation of the economy with the program's uncritical treatment of guest Barbara Ehrenreich.
Here's a bit of what my colleague Julia Seymour noticed from her review of the October 21 program. Her full article can be found here.
The financial program devoted just under five minutes to what amounted to a free advertisement for United Professionals (UP), a new organization co-founded by “Nickel and Dimed” author Barbara Ehrenreich. Ehrenreich is also author of “Bait and Switch: The (Futile) Pursuit of the American Dream.” She said the organization’s current function is “providing a way for people to come together, share their experiences and talk about what they’ve been going through” at a cost of $36.50 in annual dues.
Paul Krugman teaches teaches economics at Princeton, and has done the same at MIT. Enron evidently thought enough of his understanding of the dismal science to hire him as a consultant - though Krugman has at times been reluctant to disclose that fact. But judging by his latest anti-Wal-Mart jeremiad [subscription required] in this morning's New York Times, you really have to wonder how much the good professor of economics . . . understands about capitalism.
Krugman's portrait of Wal-Mart is a caricature of greedy management conducting what he calls a "war on wages." Krugman has apparently gotten hold of a couple leaked internal Wal-Mart memos that discuss ideas for keeping labor costs under control. Among the ideas: increasing the percentage of part-time workers, since they qualify for fewer benefits, and limiting raises for long-term employees.