“If you’re part of the 1 percent, even getting fired comes with a cushion made of eiderdown. GMI, a research company that gets paid to keep an eye on such things, just issued a study headlined, ‘Twenty-One U.S. CEOs with Golden Parachutes of More than $100 Million.’ That’s each.
This news came the same day as another report, this one from Indiana University, titled, ‘At Risk: America’s Poor during and after the Great Recession.’ Its researchers conclude, ‘The number of people living in poverty is increasing and is expected to increase further, despite the recovery. The proportion of people living in poverty has increased by 27% between the year before the onset of the Great Recession (2006) and 2010 … Poverty is expected to increase again in 2011 due to the slow pace of the economic recovery, the persistently high rate of unemployment, and the long duration of spells of unemployment.’
In fact, the white paper finds that we now have the largest number of long-term unemployed people in the United States since records were first kept in 1948 - four million report they’ve been unemployed for more than a year. Not necessarily counting the former CEO’s gently floating to earth from those golden parachutes.
So, no, Mitt Romney, when we say that Americans are waking up to the reality that inequality matters, we’re not guilty of ‘envy’ or ‘class warfare,’ as you claimed to Matt Lauer on NBC’s ‘Today.’ Nor are we talking about everybody earning the same amount of money - that’s the straw man apologists for inequality raise whenever anyone tries to get serious.” - Bill Moyers and Michael Winship
[Photo: Occupy Wall Street]