And McCain thinks this is progress? If everyone had friends making million dollar a year lobbyist salaries from Swiss banks, sure, but not so much for everyone else.
The number of Americans who have seen their full-time jobs chopped to part time because of weak business has swelled to more than 3.7 million — the largest figure since the government began tracking such data more than half a century ago.To be fair to John McCain, he's also cutting back. He found a bargain with his $520 Ferragamo "Pregiato Moccasins" and not the $2100 Ferragamo shoes. We all have to be cautious with spending these days, so glad to see him showing restraint as well. What a maverick.
The loss of pay has become a primary source of pain for millions of American families, reinforcing the downturn gripping the economy. Paychecks are shrinking just as home prices plunge and gas prices soar, furthering the austerity across the nation.
“I either stop eating, or stop using anything I can,” said Marvin L. Zinn, a clerk at a Walgreens drugstore in St. Joseph, Mich., who has seen his take-home pay drop to about $550 every two weeks from about $650, as his weekly hours have dropped to 37.5 from 44 in recent months.
Mr. Zinn has run up nearly $2,000 in credit card debt to buy food. He has put off dental work. He no longer attends church, he said, “because I can’t afford to drive.”
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