Sad truth
We've given so much money to the rich and have kept everyone else down for so long that our society have turned into a few haves and millions of have nots. But, guess what, have nots are the 98-99% of the consumers. And if the consumer's buying power decreases, the demand for the proucts our businesses sell decreases. What happens then is clear to everyone - an economy in tatters.
For once, Repuglicans are correct - we can not blame Dubya alone. it seems that our policies of the last 35 years are at fault. For 35 years we've engaged in a protracted bout of income redistribution and most of us hadn't even realized that. Try to even mention raising the taxes on the top 2% and you get screamed down by enraged Republican shrills. But for 35 years they and their friends and cronies had engaged in a scheme that had redistributed most of our income to the top, the very top.
Today, we're feeling the brunt of the crisis whose causes are mostly due to this same redistribution. Today we're complaining about the slower-than-expected recovery (expected by who?). But should we be surprised? How can economy improve when the consumer is in worst shape since the great Depression. Consumers are in ruinous debt up to their noses, their real income has stagnated for a decade. Consumers can't buy STUFF. And selling STUFF is what makes business work.
For once, Repuglicans are correct - we can not blame Dubya alone. it seems that our policies of the last 35 years are at fault. For 35 years we've engaged in a protracted bout of income redistribution and most of us hadn't even realized that. Try to even mention raising the taxes on the top 2% and you get screamed down by enraged Republican shrills. But for 35 years they and their friends and cronies had engaged in a scheme that had redistributed most of our income to the top, the very top.
Today, we're feeling the brunt of the crisis whose causes are mostly due to this same redistribution. Today we're complaining about the slower-than-expected recovery (expected by who?). But should we be surprised? How can economy improve when the consumer is in worst shape since the great Depression. Consumers are in ruinous debt up to their noses, their real income has stagnated for a decade. Consumers can't buy STUFF. And selling STUFF is what makes business work.