San José, CA – Four years after the Great Recession of 2007-2009 officially ended, millions of working people are being left behind by the expansion of the economy. While the stock market and corporate profits reached new highs, there are still millions of fewer jobs than before the recession began, and the official unemployment rate is closer to its recession high than the low before the recession. Things are bad.

Another reason to march on the RNC

San Francisco, CA – While millions of retired Americans are struggling to make ends meet and millions more working people who have been laid off don’t know how or if they can ever afford to retire, laid-off corporate executives are living in another world. Take General Electric Vice-Chairman John Krenicki, who is 50 years old and retiring at the end of 2012 because of GE’s restructuring plans. GE will be paying him $89,000 a month for the next ten years (about a million dollars a year, or $10 million total), after which he can receive GE’s executive pension. In addition, Krenicki is getting stock options and stock valued at almost $15 million, and a bonus of almost $3 million, for a total golden parachute worth almost $28 million. In exchange, Krenicki promised GE that he wouldn’t work for a competitor for three years.

Another reason to march on the RNC

San Francisco, CA – While millions of retired Americans are struggling to make ends meet and millions more working people who have been laid off don’t know how or if they can ever afford to retire, laid-off corporate executives are living in another world. Take General Electric Vice-Chairman John Krenicki, who is 50 years old and retiring at the end of 2012 because of GE’s restructuring plans. GE will be paying him $89,000 a month for the next ten years (about a million dollars a year, or $10 million total), after which he can receive GE’s executive pension. In addition, Krenicki is getting stock options and stock valued at almost $15 million, and a bonus of almost $3 million, for a total golden parachute worth almost $28 million. In exchange, Krenicki promised GE that he wouldn’t work for a competitor for three years.

San José, CA – On Sept. 13, the Census Bureau released their annual report on income, poverty, and health insurance in the United States. The report said that the number of people below the official poverty line rose from 14.3% in 2009 to 15.1% in 2010. This meant that 2.6 million more people fell into poverty last year, and the total of 46.2 million poor was the largest number in more than 50 years of records. Worst hit were African Americans (27.4% below the official poverty line), Latinos (26.6%), and children (22.0%).