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Bernie Sanders Backs Historic $18 Minimum Wage Ballot Measure in Portland, Maine

“Our greatest weapon in this fight is solidarity,” said the senator from Vermont. “The people of Portland, Maine have an incredible opportunity this Tuesday to continue our movement’s collective struggle by voting ‘Yes’ on Question D.”

Independent Sen. Bernie Sanders of Vermont has endorsed what he calls an “important” citizen-initiated referendum in nearby Portland, Maine, telling supporters in an email Thursday that the city “has the potential to pass the most progressive, inclusive minimum wage initiative in the history of the United States.”

“A ‘Yes’ on Question D would raise the minimum wage for all workers to a living wage of $18 an hour—including tipped workers, workers with disabilities, youth, gig workers, and incarcerated workers,” Sanders wrote. “As you might expect, opposition from the billionaire class and the ultra-wealthy to Question D has been fierce.”

“Lobbyists like the National Restaurant Association, large corporations like Uber and Doordash, and real estate developers have collectively poured more than $600,000 into Portland on mailers, advertising, and misinformation campaigns,” Sanders continued, “all so they can continue to pay restaurant workers and gig workers subminimum wages.”

“As a result of their efforts, polling shows a very tight race,” he added. “And with only a few days to go until the vote is decided, it’s up to our progressive movement in Maine to stand together and fight to pass Question D.”

The Portland Press Herald reported that the proposal “was put on the ballot by the Maine chapter of the Democratic Socialists of America’s Livable Portland campaign, which has said it’s expected to raise wages for about 22,000 workers across the city.”

“Sanders is the latest in a flurry of last-minute endorsements secured by One Fair Wage, a national group focused on eliminating subminimum wages that allow certain workers, such as restaurant servers, to earn less than the standard minimum wage,” the newspaper noted. “Saru Jayaraman, president of One Fair Wage, said the senator has been working with that organization for years on minimum wage issues.”

Sanders urged voters to sign a petition in support of the ballot measure. Those who do so are redirected to the Maine voter information lookup service, where they can confirm their polling location.

The federal minimum wage of $7.25 per hour has remained stagnant since 2009 and provides only a fraction of what a full-time worker needs to afford a modest one-bedroom rental home in the United States. The federal subminimum wage of $2.13 per hour for tipped workers has not been raised since 1991.

According to the National Low-Income Housing Coalition, a full-time worker would need to make $17.74 per hour to afford a one-bedroom apartment in Maine, meaning the statewide minimum of $12.75 ($6.38 for tipped workers) and Portland’s current minimum of $13 ($6.50 for tipped workers) are inadequate. If Portland voters approve Question D during the November 8 midterms, the city would have an $18 hourly wage floor.

“At a time when half of American workers are living paycheck to paycheck, and millions of people earn starvation wages and struggle to put food on the table, the wealthy and powerful have never had it so good,” wrote Sanders.

The Vermont progressive expanded on that point Friday in a Fox News op-ed modeling the kind of anti-corporate profiteering and pro-working class messaging he would like to see prioritized by the Democratic Party, with which he caucuses.

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Biden Accuses GOP of ‘Rooting for Recession’ After Jobs Report

The president slammed Republicans for working to “increase prescription drug costs, health insurance costs, and energy costs while giving more tax breaks to big corporations and the very wealthy.”

President Joe Biden on Friday accused the Republican leadership of “rooting for a recession” after new Labor Department figures showed the U.S. economy added 261,000 jobs in October, more than analysts expected but down slightly from the previous month.

“Today’s jobs report—adding 261,000 jobs with the unemployment rate still at a historically low 3.7%—shows that our jobs recovery remains strong,” Biden said in a statement.

Progressive economists largely echoed that sentiment, with the caveats that hiring is cooling and wage growth is decelerating significantly, a sign that the Federal Reserve’s aggressive interest rate hikes are taking their toll on the economy and workers. Biden has declined to criticize Fed Chair Jerome Powell for actively trying to weaken the labor market, even as a growing number of Democratic lawmakers warn he is about to throw millions out of work.

In his statement Friday, the president said that “inflation is our top economic challenge” and acknowledged that “American families are feeling squeezed.”

With the midterms just days away, the president sought to draw a sharp contrast between his policy agenda and that of the GOP, which he said wants to “increase prescription drug costs, health insurance costs, and energy costs, while giving more tax breaks to big corporations and the very wealthy.”

“I’ve got a plan to bring costs down, especially for healthcare, energy, and other everyday expenses,” Biden declared. “Here’s the deal: cutting corporate taxes and allowing Big Pharma to raise prices again is the Republican inflation plan and it’s a disaster.”

The notion that the GOP is hoping for and cheering on bad economic news with the goal of capitalizing politically was echoed by other Democrats as Republican lawmakers bashed the new jobs report as “the worst of the Biden presidency” and evidence of a “Biden-induced recession.”

“MAGA Republicans’ extreme agenda would make inflation much worse: plotting to repeal lower prescription drug costs, give tax breaks to the ultra-rich, and slash Social Security and Medicare,” said House Speaker Nancy Pelosi (D-Calif.).

Rep. Don Beyer (D-Va.), chair of the congressional Joint Economic Committee, added in a statement that “stronger-than-expected GDP growth in the third quarter, which made up for all the losses incurred by the declines in the first and second quarters, reflects confidence in the resilience of the U.S. economy.”

“Republicans want to choke it all off,” Beyer added, pointing to GOP threats to use the debt ceiling as leverage to cut Social Security and Medicare if they retake control of Congress.

“They are threatening debt default and economic catastrophe to gut Social Security and Medicare, which could eliminate nearly six million jobs and cost the U.S. billions of dollars in lost economic activity,” said Beyer. “Republicans are threatening to repeal the Inflation Reduction Act, which would raise prescription drug costs and health insurance premiums. And they are planning giveaways to big corporations and the wealthy at the expense of everyday workers and families, which would stoke higher inflation and leave most U.S. households worse off.”

Republicans have made the economy, and inflation in particular, central to their midterm attacks on Democrats. But the right-wing party’s leadership and candidates have done little to spell out an alternative agenda that would bring prices down from a four-decade high—and some of their proposals, such as making former President Donald Trump’s tax cuts for the rich permanent, would exacerbate the problem.

Los Angeles Times columnist Michael Hiltzik noted earlier this week that “a look at the GOP’s election manifesto, the ‘Commitment to America‘ recently issued by House Minority Leader Kevin McCarthy (R-Bakersfield), reveals no specifics. Nor have Republican candidates done so during the multitude of appearances they’ve made on cable talk shows, despite specific and pointed questions by the hosts.”

“Undoubtedly, more can be done [to combat inflation],” Hiltzik continued. “President Biden is jawboning oil companies about their huge run-up in profits, but that’s just one industry. Corporate profits have soared since mid-2020 while average worker earnings have remained muted—a little-noticed spur to inflation.”

“Has the GOP embraced those ideas? Of course not—corporate managements and the big oil companies are its patrons,” he added.

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Poor People’s Campaign Marches on Wall Street Against ‘Lies of Neoliberalism’

“We are here to tell the stock exchange and Wall Street to stop trading our lives, that we want living wages and healthcare and clean air and voting rights.”

By BRETT WILKINS

Demanding a new political discourse in which the poor are no longer blamed for their poverty in the wealthiest nation in history, hundreds of impoverished and low-income activists on Monday rallied in New York City and marched on Wall Street to take their demands directly to the center of U.S. wealth.

The Moral March on Wall Street, led by the New York Poor People’s Campaign, began at the Museum of the American Indian before heading to the New York Stock Exchange and then Trinity Church Wall Street for a mass meeting where activists and faith leaders spoke.

“We are here to tell the stock exchange and Wall Street to stop trading our lives, that we want living wages and healthcare and clean air and voting rights,” Rev. Dr. Liz Theoharis, co-chair of the Poor People’s Campaign: A National Call for Moral Revival, said during the march. “And we want them now! And if we don’t get them, we’ll shut it down.”

Addressing the church meeting, Kelly Smith, a tri-chair of the New York Poor People’s Campaign, confided: “I worry for my son. I worry that he’ll be able to find a living wage. I worry that he lives in a world where his Black skin is valued less than my white skin.”

“And I could worry and worry and worry and wring my hands. Or, I could stand up. I could speak up. I could fight,” she added. “Well, we are going to stand up. We are going to speak out. And we are going to mobilize for June 18th in Washington, D.C.”

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‘Fulfill Your Promises,’ Biden Told Four Years After Parkland Massacre

“I’m disappointed,” said survivor and activist David Hogg, “and frankly, if I could say one thing to the president, it’s that we need you to go out and act right now before the next Parkland happens.”

By JESSICA CORBETT

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Four years after a gunman murdered 17 people at Marjory Stoneman Douglas High School in Parkland, Florida, survivors of the mass shooting, other activists, and progressive lawmakers on Monday demanded urgent action from President Joe Biden and Congress.

In interviews and actions marking the fourth anniversary of the deadliest high school shooting in U.S. history, advocates argued the president hasn’t gone far enough. As March for Our Lives co-founder David Hogg put it: “Biden has been a friend, but not a leader.”

“He’s made small steps but it’s not enough. The president hasn’t been receptive to our demands,” Hogg, a survivor of the 2018 shooting, told CNN. “We expected this from [former President Donald] Trump, but we’re shocked that it’s coming from Biden.”

“The buck stops with you,” Hogg tweeted at Biden. “Fulfill your promises.”

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Is Woke Capitalism the New Trickle-Down Economics?

Stakeholder capitalism might be a feel-good corporate-friendly ideology, but so long as some stakeholders are (extremely) more equal than others, it is a flimsy fig leaf trying to hide an economic system that is producing ever-increasing levels of inequality.

By CARL RHODES

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Just like the trickle-down economics of a generation ago, stakeholder capitalism provides a moral justification for the pursuit of corporate self-interest while inequality gets worse and worse.

Each January Larry Fink, billionaire boss of asset management firm BlackRock, sends a letter to the CEOs of the corporations his company invests in. In these letters he takes it upon himself to outline his views on the most important issues affecting the business world.  

A well-known advocate of “corporate purpose,” in the past Fink’s letters have addressed the responsibility of corporations’ environmental sustainability, workforce diversity, and the impact of business on society. His mantra has been that people have lost trust in governments that are failing to solve social and political problems, and it’s time for business to step up.

In this year’s letter released on January 17, Fink had a slight change in tack. He still goes on about stakeholder capitalism and how corporations should pursue the interests of the customers, employees,  suppliers, and communities, rather than just shareholders. What he added in 2022 was a direct statement that his approach to business is not “woke” and “is not about politics.”

Stakeholder capitalism, according to Fink, has nothing to do with ideology, it is simply the best way to do capitalism. What could be less woke than that! “We focus on sustainability not because we’re environmentalists, but because we are capitalists and fiduciaries to our clients,” he opines.

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‘We Are Trying to Save It,’ Progressives Say as Right-Wing Dems Sabotage Biden’s Agenda

“The Biden agenda—our Democratic agenda—is at stake. It’s progressives who are fighting to pass it in its entirety.”

By JAKE JOHNSON

The Democratic Party’s sweeping domestic policy agenda—from sizable climate investments to drug-pricing reforms to Medicare expansion—is under growing threat from the inside as right-wing members backed by corporate cash aim to tank or pare back central components of a multitrillion-dollar reconciliation plan.

Conservative Democrats’ increasingly coordinated effort to gut their own party’s legislation—and a top priority of President Joe Biden—has led to an increasingly tense confrontation with progressive lawmakers, one that has major implications for the United States’ tattered social safety net and the nation’s response to the existential climate emergency.

Increasingly concerned that the reconciliation package is on the verge of collapse, progressives are working to salvage the legislation by promising to vote down a priority of conservative Democrats: a $550 billion bipartisan infrastructure bill that Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W-Va.) helped negotiate with their Republican counterparts in the Senate.

In an interview on Tuesday, Rep. Pramila Jayapal (D-Wash.) said that “more than half” of the Congressional Progressive Caucus’ 96 members are committed to voting against the Senate-passed bipartisan infrastructure package unless the not-yet-complete reconciliation bill moves simultaneously. Whether 48 progressive “no” votes are enough to tank the legislation will depend on how many House Republicans are willing to support it.

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