Nation Sets its Sights on Building a Sane Economy
President Barack Obama has called for swift passage of his administration’s Safeguards for a New Economy (S.A.N.E.) bill. The omnibus economic package includes a federal maximum wage, mandatory “True Cost Accounting,” a phased withdrawal from complex financial instruments, and other measures intended to improve life for ordinary Americans.
Maximum Wage Law Passes Congress
Congress limits top salaries to fifteen times the minimum wage.
Nationalized Oil To Fund Climate Change Efforts
Congress has voted to place ExxonMobil, ChevronTexaco, and other major oil companies under public stewardship.
Labor Dept. Launches Job Creation Program
The Department of Labor is scrambling to propose new standards that will affect every American worker.
