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Post by jeffolie on Aug 24, 2007 11:46:35 GMT -6
Stacked deck: Middle class suffers as Washington plays to the wealthy Most Americans continue to fall behind economically, while those at the very top are doing extraordinarily well. The reality is that most Americans have essentially been disconnected from the benefits of economic growth in this nation for the first time in decades. For years, the gap between rich and poor was closing in this country as the postwar boom and pro-worker federal policies yielded real financial gains to Americans on the middle and lower rungs of the economic ladder. But times have changed. The growing influence of corporate lobbyists has perverted the priorities in Washington and in state Capitols around the country. The media, now utterly dominated by a few huge corporate conglomerates that benefit mightily from the new status quo, offer nothing but cheerleading for trade, health care, energy, and labor policies that have left the middle class and the poor reeling. The divide between rich and poor in the U.S. has reached levels far beyond that experienced in any other developed nation and beyond anything experienced in this country for nearly 70 years. The Fed action, of course, did nothing to ease the financial pinch for average Americans facing foreclosure, but it did keep the skids greased for the investment bankers on Wall Street— and let’s face it, that’s all that matters in America today. Government these days is there not to serve the people, but to serve up the people to Big Oil, Big Pharma, and Wall Street. www.timberjay.com/current.php?article=3623
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Post by beachbumbob on Aug 25, 2007 8:53:30 GMT -6
nothing surprising here all bailouts go to save the elite......
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