Fw: Eat Cake? No, Hedge Funds

 

----- Original Message -----

From: AFL-CIO Now blog

To: Donna Spadaro

Sent: Friday, August 24, 2007 12:51 PM

Subject: Eat Cake? No, Hedge Funds

Aug. 24, 2007 Want a friend in Washington? Elect a union member to Congress. That's what Southern California voters did in a special election this week when they elected Machinists union member Laura Richardson to fill a vacant seat. Who is better off today than four years ago when Bush was heading for a second term? It's not you or me. It's the richest 1 percent of Americans. The ones cashing in on unfettered hedge funds and private equity firms' scavenging of the healthy parts of takeover targets. New stats show U.S. workers earned a smaller average income in 2005 than in 2000—the fifth year in a row they had to make ends meet with less money. But there are winners in the Bush economy. The number of taxpayers making more than $1 million a year grew by 26 percent over the same time period—the same folks who enjoyed most of Bush's tax breaks. Enjoy your cake.  Quick Poll: Are the candidates and media paying enough attention to working family issues? Got comments? Post them at: www.aflcio.org/blog.  Bush to Working America: Let Them Eat Hedge Funds  Machinist Member Wins House Seat in Special Election Read more important news of the day on the issues working families care about on AFL-CIO Now.   Visit the Web address below to tell your friends about this.  Tell-a-friend! If you received this message from a friend, you can sign up for Working Families e-Activist Network. If you would like to unsubscribe from the e-Activist Network, or update your account settings, please visit your subscription management page.