QOTD: Tracey Byrnes
by digby
… Fox News financial commentator. It’s actually from 2010, but the sentiment is a fresh as if she said it yesterday:
250,000 dollars a year is not rich. You’ve lived in this city long enough to know that. It’s not rich for a family of four sending kids to college. It actually is close to poverty.
I hate to say it but it’s not just idiotic Fox News correspondents who say this. I’ve heard quite a few liberals make the same point, including one prominent lefty who said that you can’t live in Los Angeles on less than 300k a year.
There has been a lot of this in recent years. Here’s just one more example:
Bankers aren’t optimistic about those gains. Options Group’s Karp said he met last month over tea at the Gramercy Park Hotel in New York with a trader who made $500,000 last year at one of the six largest U.S. banks.
The trader, a 27-year-old Ivy League graduate, complained that he has worked harder this year and will be paid less. The headhunter told him to stay put and collect his bonus.
“This is very demoralizing to people,” Karp said. “Especially young guys who have gone to college and wanted to come onto the Street, having dreams of becoming millionaires.”
Your heart just bleeds …
Here are the Daily Show segments about the Fox News coverage of the minimum wage protests happening in cities all over the country: