New York and New Jersy are afraid

Been reading the political reports from both sides and something interesting has occurred to me. 

Everyone in the republican ranks except those from Pennsylvania, New York and New Jersy are afraid that this latest switch in voting by republican conservatives will result in strong primary competition this coming election year of 2014. 

What strikes me as interesting is that the strong primary challenges in 2012 resulted in many republican incumbents losing primaries and then the tea party/ultra conservatives who won those primaries losing to either independents or democrats in the general election. 

Given the anal-retentive nature of those ultra conservative and purblind extremists it is quite likely the same scenario will play out in the 2014 primaries and national elections, and if it does then the house of Representatives could very well land back in the lap of the democrats with plenty of independents siding with their democratic colleagues. 

I find the whole thing curiously satisfying and i for one can hardly wait. Apparently shooting themselves in the foot and then placing that foot firmly in their mouth is a genetic thing among republicans. But it does delight me and others who have had more than enough of these unrealistic and insensitive not to say lacking in perception and markedly ignorant anachronisms.

Corporate Profits Hit Record High While Worker Wages Hit Record Low

By Pat Garofalo on Dec 3, 2012 at 9:25 am

 

A constant conservative charge against President Obama is that he is inherently anti-business.
However, businesses keep defying the storyline by making larger and larger profits, rebounding nicely out of the Great Recession.

In the third quarter of this year, “corporate earnings were $1.75 trillion, up 18.6% from a year ago.” Corporations are currently making more as a percentage of the economy than they ever have since such records were kept. But at the same time, wages as a percentage of the economy are at an all-time low, as this chart shows. (The red line is corporate profits; the blue line is private sector wages.):


Corporations made a record $824 billion in profits last year as well, while the stock market has had one of its best performances since 1900 while Obama has been in office.

Meanwhile, workers are getting the short end of the stick. As CNN Money explained, “a separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001.”