From Today’s New York Times Front Page, and From Tomorrow’s New York Times Op-Ed Page

Today, in the New York Times:

With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold. …

“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”

Tomorrow, in the New York Times:

If President Obama really wants to show leadership, he will seize this moment and propose a reduction in corporate tax rates, so that corporations will have money to invest and hire and raise salaries and wages.

Carpe Clueless, David Brooks, op-ed

Bet on it.

Tags: , , , Comments (21) | |