Wednesday, Senate Minority Leader Chuck Schumer had barely finished his latest looking-down-his-nose-glasses lecture to us when he got slapped in the face with the big halibut of reality. His latest pious scolding was aimed at us deluded morons who actually thought that corporations would use their tax break to expand or pay their workers more, rather than just putting it in their money vaults to swim through like Scrooge McDuck.
Within minutes of his speech’s blessed end, a number of companies celebrated the bill’s passage by announcing major plans for expansion and/or pay increases and bonuses for workers. At the link, details on a few, including Boeing, Wells Fargo and Fifth Third Bancorp. There are others not mentioned, such as Comcast (congratulations if you work for any of them). Most gratifying of all was AT&T. Schumer singled them out as a company that, of course, would not hire more people or share its tax cut with workers. AT&T almost immediately announced that it would increase its US capital spending by $1 billion and give more than 200,000 non-executive employees a special $1000 bonus.
I wonder if finding an extra thousand bucks in their paychecks will convince these workers that the Democrats have been bamboozling them all this time, or if they’ll just assume it came from Santa Claus. Who, as Chuck Schumer would probably tell us, is really Uncle Sam in a red suit.