especially for spelling,grammer
As Labor Day has come and gone,there are still questions that go unanswered.As Americans,we deserve answers.
In 1970,the average CEO salary was approximately 25 times the workers' salaries...averaging about $700,000.In 2009,the average CEO salary was 310 times the workers' salaries...averaging $3.5 million dollars.This figure does not include millions of dollars in stock options that these CEOs possess.
http://www.aflcio.org/corporatewatch/paywatch/ceou/clcfind.cfm?state=TX Despite these bloated salaries,the Top 50 companies for CEO reimbursement laid off over 1 million employees between 2008-2009.
http://www.kansascity.com/2010/09/01/2191243/ceo-compensation-totaled-598-million.htmlAdd to this the number of positions that have been shipped overseas to the lowest bidder.According to a study done by UC-Berkeley,14 million service jobs are at risk of shipping overseas.
http://www.berkeley.edu/news/media/releases/2003/10/29_outsource.shtml The solution given by the GOP is to lower taxes for the top 2% of citizens with the impression that it will increase investments in business.The thought is that increased profit will equal job creation.This has not been the case so far.
President Obama has presented a program to revamp the United States infrastructure-namely roads,railroads, bridges and rapid transit-in an effort to return many unemployed citizens to work.The 50 Billion dollar price tag will be covered by repealing tax breaks for American oil and gas companies,thus avoiding adding to the national debt.This has been endorsed by many progressive economists as the only true way to restart the economy.
Citizens who are affected by the downturn in the economy need to educate themselves on the true status of the economy.Do the CEOs have your best interest at heart?
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