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Our economic system is broken
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Wall Street banksters raked in almost $27 billion dollars in bonuses last year, yet Congress can't even get it together to raise the minimum wage. According to the New York State Comptroller's office, the gamblers on Wall Street raked in $26.7 billion dollars in bonuses in 2013 - 15 percent more than they did the previous year. That's enough money to double the paycheck of every single minimum wage worker in our country.
 
Our economic system is so completely broken that banksters got another pile of cash after wrecking our economy while millions of real working people put in long, hard hours for paychecks that leave them in poverty. And, this keeps happening even though it does not make a lick of economic sense. Every extra dollar paid to a low-wage worker generates about $1.20 for our economy. When that dollar goes to line the pockets of the super-rich instead, it adds less than 40 cents to our GDP. The banksters and the corporate elite can afford to stash their money away in foreign countries and high-return risky investments, while real working Americans have to spend every single dollar just to get by.
 
If that $26.7 billion in bonuses went to the working poor, instead of the gamblers on Wall Street, our economy would grow by more than $32 billion. That makes a whole lot more sense than gifting billions to the very people who crashed our economy. It's time to fix this broken system, to stop rewarding the people who gamble with our economy, and time to put this money back into the hands of the real working people in America.
 
(What do you think? Tell us here.)
 
-Thom

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What do cancer and Reaganomics have in common?
What do cancer and Reaganomics have in common?

Is Lying Standing Between You and Success?
Is Lying Standing Between You and Success?

Your Take/My Take Live! What is the US worth?
Your Take/My Take Live! What is the US worth?

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Another week...another GOP voter suppression bill?
Another week...another GOP voter suppression bill?

Or watch the Full "Big Picture" Show...

Full Show 3/20/14: The Cancer Stage of Reaganomics
Full Show 3/20/14: The Cancer Stage of Reaganomics

Thom discusses how GOP voter suppression efforts will affect the 2014 elections with Radio Host and Attorney Mike Papantonio, the latest from the North Carolina coal ash spill with EarthJustice's Lisa Evans and how you can be more successful in life if you stop lying with posse.com Founder Rebekah Campbell. Thom takes viewer video questions and phone calls in "Your Take, My Take Live" and in tonight's "Daily Take" Thom talks about how America is witnessing the cancer stage of Reaganomics.


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The Cancer Stage of Reaganomics

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The 11th Anniversary of Bush's Iraq War

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Caller: Homophobes are Just Repressed Homosexuals

Caller: Bernie Sanders Running as a Democrat Would be a Mistake
Caller: Bernie Sanders Running as a Democrat Would be a Mistake

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The Death of Pastor Fred Phelps

Is it Time to Take Climate Deniers to Court?
Is it Time to Take Climate Deniers to Court?

The Thom Hartmann Program - March 20, 2014
The Thom Hartmann Program - March 20, 2014

Nate Phelps: Reflections on his Father
Nate Phelps: Reflections on his Father
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