tom nardone here on the news you need to know this welcome to the chaotic
american economy one day after the dow jones suffered its worst single-day
decline since the height of the bush financial crisis in two thousand eight
five hundred and twelve points yesterday
new job numbers were released showing better than expected job growth
economy added a hundred and seventeen thousand jobs last month lower in the
unemployment rate
my nine point two two nine point one percent even the layoffs surged in july
and you g_p_ numbers show the economic recovery is stalling out
new jobs are just barely enough to keep up with population growth an economist
still fear a double-dip recession is right around the corner
after all most recent death of a deal with speaker john bainer is boasting he
got ninety eight percent of what he wanted him
is expected to cost the economy one point eight million jobs by next year
and suck over two hundred billion dollars in the economy just in time for
the twenty twelve election
and republicans are planning three more hostage takings at least
economy killing jackson's just this year
looks like republicans will get exactly what they want
i crashed economy to hang around the neck of president obama before next
year's elections
republican hostage takers get what they want again the
yesterday's senate majority leader harry reid announced the senate will pass the
house republicans version of the f_a_a_ funding bill its troops subsidies to
rural airports mostly in democratic districts
and makes it much more difficult for federal aaron rail workers to unionize
bill is expected to pass the senate today
putting the seventy four thousand f_a_a_ and construction workers where the
victims of the last republican hostage scenario
back to work
senate leadership said nothing about the anti-union provisions in the funny bill
it will only keep the f_a_a_ up and running until mid-september lawmakers
return from their occasion
so expect is break in the f_a_a_ hostage crisis
to be only temporary
in the best of the rest of the news it's good to be an american
na millionaire in america
a new report from the center for american progress showed the
billionaires are pain as a share of their income
twenty five percent less in taxes
and they were during the clinton years mid nineties twenty five percent lots
that's not all pretty good data from the i_r_s_ in two thousand nine fourteen
hundred millionaires paid absolutely no taxes
too just like some of the biggest transnational corporations in the world
like g_e_ an exxon mobil
fourteen hundred million areas were off the hook
and didn't have to pitch in one penny don't pull sam
in fact the average federal income tax rate for millionaires america's around
twenty two percent
far less than your typical school teacher in wisconsin is paying
and despite the fact that a majority of americans support tax exxon millionaires
our millionaires as well as billionaires in transnational corporations
once again a skate
without having to make one sacrifice the name of deficit reduction like the rest
of us
ice time i checked
the constitution doesn't say we the millionaires
thank you citizens united sarcastically of course mcnair on his presidential
campaign war chest just got a million dollars heavier
and no one knows who's responsible
in one of the biggest contributions yet of this political season
he company w span l l c
cut a check to mit romney for one million dollars
and then disappears
the corporation was created in march
made a contribution april
and then dissolved in july
no one really knows who is running the company during that time in the owner of
the manhattan address that was listed for the company things he has no records
of the company ever setting up shop there
so essentially met ron he just got a million bucks out of thin air
i coulda come from some billionaire hedge fund manager some chinese business
tycoon some saudi prince who knows
justice department says they're lookin into the matter but either way thanks to
our supreme court's citizens united decision
emerging people no longer have the right to know where they're political
candidates
are getting their money
expect this mysterious in sinister million dollar contribution
be the first of many
heading in the next year's first presidential election after the un
elected justices
roberts thomas scalia early on kennedy
rewrote our election laws
surprise
after the dysfunction of congress was put on full display in the debt limit
debate
order bahcall
new number show congress' disapproval rating is at an all-time high up eighty
two percent
that's the worst rating for congress is the new york times started keeping track
back in nineteen ninety seven
looking closer at the numbers it's clear one party is more blame than the other
spirit as john bears disapproval rating is up sixteen points since july two
fifty seven percent ten points higher than president obama
l also republican disapproval ratings in congress' at seventy two percent
democrats a sixty six percent as fits perfectly into the anti-american
republican political strategy
run-up platform of no government get elected a run government into the ground
then run for re-election up platform no cover
thirsty dot on mars nasa reporter a huge discover in the red planet yesterday
flowing water
you pictures show what looked to be dark streams of the martian surface they
appear to change seasonally indicating the salt water may be present on our
nearest planetary neighbor
as administrator charles bolden said that the discovery about discovering
asses mars exploration program
brings us closer determined remain with the red planet could cover life in some
form
well since we find out we send the ron paul and ram libertarians up there so
they can start their free-market commune
it's never worked anywhere it's been tried on earth any lower gravity on mars
will change the laws
of economics
and crazy alert repeat the world's worst neighbor david muscat yesterday in
homeowner is making any friends in his neighborhood after
a complaint was filed for removing trees your place the trees and something else
a dry in
he's accused of head butting in turning a leaf blower on one neighbor
uh... with another nearby resident caught in the paper
and that's the way it is
today friday
august fifth two dozen eleven
i'm john hartman
on the news