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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRep. Katie Porter Uses Basic Budget Math to Expose Jamie Dimon on Starvation Wages at JPMorgan
From the article:
Porter, a Democrat from California, outlined the monthly expenses of her constituent, a single-mother working full-time as a JPMorgan Chase teller for $16.50 an hour.
After paying for rent on her one-bedroom apartment, food, utilities, child care for her daughter, and other basic needs, Porter estimated that her constituent has a $567 budget shortfall each month.
When Porter asked Dimonwho earns $31 million a yearhow his employee should manage this shortfall while working 40 hours a week at his bank, the Wall Street CEO had no answer.
To read more:
https://www.commondreams.org/news/2019/04/11/watch-rep-katie-porter-uses-basic-budget-math-expose-jamie-dimon-starvation-wages?cd-
One of the thieves who wrecked the US economy is still treated as a legitimate actor on the economic and political stage.
Amazing how the GOP, and the media that serves them, can so quickly erase actual recent history.
blm
(112,919 posts)Media, too, please.
They need to be confronted, exposed, and publicly identified as the thieves and liars they are.
malaise
(267,787 posts)She has the art of presenting complex matters simply and clearly.
guillaumeb
(42,641 posts)Greed.
malaise
(267,787 posts)It shows
SWBTATTReg
(21,856 posts)Excellent!
guillaumeb
(42,641 posts)And the misspelling of Dimon's name was deliberate.
SWBTATTReg
(21,856 posts)care!
Totally Tunsie
(10,885 posts)I love how she takes it all back to the basics and makes her questioning so logical. Her interrogation of Kathy Kraninger, the director of the Consumer Financial Protection Bureau, where she asked KK to define APR (annual percentage rate) was so deliberately pointed and revealing...right to the heart of the matter. And then she held up her own book on that very subject...
I look forward to seeing a lot of her in future proceedings.
guillaumeb
(42,641 posts)It is always better to simplify issues so that language cannot be used to obscure what is actually happening.
I remember debating with a local conservative about the term quantitative easing, and how it was used to describe what in plain language was the Federal Reserve buying up toxic assets from failing banks.
Welfare for the banks.
elias7
(3,976 posts)which would bring realized income closer to $13.25/hr
guillaumeb
(42,641 posts)or any unplanned expenses.