Can you believe that Americans of both the democratic and the republican parties rate those lawmakers serving in the US Congress with lower favorability grades than even the unpopular republican President Donald Trump?
It is my opinion that neither party truly gets why there were enough Americans who backed Donald J. Trump, to where he squeaked out enough votes to become the 45th US president, to the shame of most of us.
Average Americans have lived with “POLITICAL SPEAK” for decades through both democratic and republican presidential administrations, where there were both majority and minority parties in the US Congress. No matter, who they have voted for, their lot in life has not benefited from measurable improvements.
After the 2008 US financial meltdown where millions of American peoples suffered real economic set backs, US businesses have bounced back and benefited from record profits to where investors, shareholders and company executives have had their wealth increased exponentially, but this was at the expense of the American front-line workers who were cut out from a share of the spoils.
As per Wikipedia, “Income inequality in the United States has increased significantly since the 1970s after several decades of stability, meaning the share of the nation’s income received by higher income households has increased.”
How clueless can the party leaders be when they have no idea how their constituents truly feel.? Yet every-time the registered voters are polled, they are expressing their anger in the form of low favorability numbers for both the republican and democratic parties, which at times are even lower than President Trump’s numbers.
For the Democratic party leaders, their plans to figure out how to deliver a better message is not an adequate solution to winning back the majority of elected office positions, again. The American peoples have heard it all. They have lost hope and are angry.
Below are reports are on the latest voter polling results and how the lot of the American worker has remained stagnant over decades. Here’s the rest of the story…
On August 9, 2017, Justin McCarthy of Gallup Polls reported on the latest numbers, “Republicans’ Approval of Congress Drops to New 2017 Low.”
- Republicans’ approval down 12 percentage points since July, to 16%
- Approval of Congress among U.S. adults decreased four points, to 16%
- Lowest overall job approval rating since July 2016
“Despite their party controlling both chambers of Congress, only one in six Republicans (16%) approve of the job Congress is doing, the lowest yet in 2017. GOP approval has sharply declined this legislative session as congressional Republicans have struggled to repeal and replace the Affordable Care Act.”
“Democrats (12%) are nearly as likely as Republicans to approve of the job Congress is doing. However, unlike Republicans, Democrats have given Congress fairly low ratings throughout 2017, ranging from 10% to 19%.”
“The latest ratings, collected Aug. 2-6, come as Congress goes on recess without delivering an ACA repeal. The legislative body also has yet to reveal plans to fund the nation’s infrastructure or reform the federal tax system, among other things. Members are returning home for the recess with little to show for their months in Washington.”
“Half of Republicans rated the legislative branch positively in February, a few weeks into the 115th session — but this gradually dipped before plateauing around the 30% mark from April to July. The latest rating is a new 2017 low in Republicans’ views of this Congress.”
GOP Disappointment Drives Overall Approval Down
“On a national basis, 16% of U.S. adults approve of Congress, statistically similar to the 20% recorded in July but the lowest rating the body has received to date in 2017. This is also the lowest rating Congress has received since the 13% job approval recorded in July 2016.”
“The slight dip in the national rating in August is driven almost entirely by Republicans. Democrats’ approval has remained the same, and approval among independents has slipped four percentage points to 16%.”
“Several unsuccessful attempts by Congress this year to repeal and replace the Affordable Care Act did nothing to bolster its already poor image. Some Americans — in particular, Democrats — oppose repealing the ACA. Many others, mostly Republicans, are likely disappointed that Congress has been unable to deliver on its long-promised repeal.”
“When members return from recess, they might find their attempts at less contentious measures, such as boosting infrastructure funding, more appealing to Americans — which could ultimately improve their approval rating. Other controversial issues, such as raising the debt ceiling and adopting spending bills, are unavoidable. Disagreement or inaction on these matters could leave Congress similarly unpopular.”
The job growth and wage increase for the middle class and the average worker has been stagnant for 25 plus years. This is in spite of the record profits being made by the big corporations with the CEO pay being too often in excess of 250% more than their average front-line workers. The top 1% in the earning scales have seen their annual incomes increased by double digit percentage points along with jack pot bonuses.
According to a 2012 March study by the Center for Economic and Policy Research, minimum wage should have reached $21.72 an hour in 2012 if it kept up with increases in worker productivity. While advancements in technology have increased the amount of goods and services that can be produced in a set amount of time, wages have remained flat-lined.
Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study. Five years later, I am estimating that the minimum wage rate should be at least $14.00 per hour.
The following are some publications regarding the wage disparity:
CEO Pay Continues to Rise as Typical Workers Are Paid Less http://www.epi.org/…/ceo–pay-continues-to-rise/ Economic Policy Institute by D Jones..Jun 12, 2014 –
CEOs earn 354 times more than average worker – CNN Moneymoney.cnn.com/2013/04/15/news/…/ceo–pay–worker Apr 15, 2013 – The discrepancy in pay between CEOs and the average worker has skyrocketed over the years..
Fast-Food CEOs Make 1,000 Times the Pay of the Average …http://www.businessweek.com/…/fast-food-ceos-making…Apr 22, 2014 – The pay gap between the top CEOs and the average workers at their companies is about 331 to 1.
The pay gap between CEOs and workers is much worse … http://www.washingtonpost.com/…/the-pay–gap–between–ceo…The Washington Post Sep 25, 2014
As per NBC News report, published on 10/17/2014, even Janet Yellen, Chair of the Federal Reserve shared her thoughts over this topic as reflected in the title: “Fed Chief Janet Yellen: Income Inequality ‘Greatly Concerns’ Me.” She shared at a conference on inequality at the Boston branch of the central bank, the following commentary:“I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity,” she said. “The extent of and continuing increase in inequality in the United States greatly concerns me.”
“She commented that the wealth gap is at the widest its been in the past 100 years. In addition, she mentioned skyrocketing college tuitions and the tightening of lending by financial institutions as contributing factors. She continues: “It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.”
On October 9, 2014, Drew DeSilver of Pew Research penned the following report, “For most workers, real wages have barely budged for decades.”
“But a look at 5 decades’ worth of government wage data suggests that the better question might be, why should now be any different? For most U.S. workers, real wages — that is, after inflation is taken into account — have been flat or even falling for decades, regardless of whether the economy has been adding or subtracting jobs.”
“But after adjusting for inflation, today’s average hourly wage has just about the same purchasing power as it did in 1979, following a long slide in the 1980s and early 1990s and bumpy, inconsistent growth since then. In fact, in real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would (in 2014).” (Note that the minimum wage rate of $7.25 per hour has not been increased since 2009.)
“A similar measure, “usual weekly earnings” of employed, full-time, wage and salary workers, tells the same story, albeit over a shorter time period. In seasonally adjusted current dollars, median usual weekly earnings rose from $232 in the first quarter 0f 1979 (when the series began) to $782 in the second quarter of this year (the most recent data available). But in real terms, the median has barely budged over that period.”
“What gains have been made, have gone to the upper income brackets. Since 2000, weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter. But among people near the top of the distribution, real wages have risen 9.7%.”
“Wage stagnation has been a staple of economic analysis for a while now, though perhaps predictably there’s little agreement about what’s driving it.” (While companies have been making record profits and productivity increases, American workers have been cut out of the reaping of the spoils, which has been limited to companies’ executives and shareholders.
“In a Pew Research Center survey from August, 56% of Americans said their family’s income was falling behind the cost of living, up from 44% in September 2007 — just before the recession hit. More than a third (37%) of Americans in the latest poll said their family’s income was staying about even with inflation; only 5% said they were staying ahead of inflation.”