Joel Hirschorn (whoever he is) has a telling article on the Global Research website to the effect that the U.S. Govt. is lying about unemployment big time.
Here is a critical paragraph about relative wealth: "In other words, contrary to all the blabber from politicians and pundits, the current recovery is largely delusional as far as the vast majority of Americans are concerned. Of course, the rich Upper Class is doing just fine. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The richest 20 percent of Americans own 84 percent of all wealth. The overwhelming majority, the bottom 80 percent, collectively hold just 12.8 percent. As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007, the most recent extended period of economic expansion."
And the true uemployment rate is about 17 percent, not the feel-good number the media has been pushing in the last few days of 8.8 percent. (I love that ".8," as if it were a "significant" number.) This state of affairs is a fine backdrop to GOP efforts to savage "social network" provisions. Not that I think the thing is a matter of Dems vs Repubs. It's rich versus poor, naked class rip off.
I haven't any idea where all this is going, but I venture it is not going to be to a good place.
Here is a critical paragraph about relative wealth: "In other words, contrary to all the blabber from politicians and pundits, the current recovery is largely delusional as far as the vast majority of Americans are concerned. Of course, the rich Upper Class is doing just fine. In 2009, the richest 5 percent claimed 63.5 percent of the nation’s wealth. The richest 20 percent of Americans own 84 percent of all wealth. The overwhelming majority, the bottom 80 percent, collectively hold just 12.8 percent. As the Economic Policy Institute has reported, the richest 10 percent of Americans received an unconscionable 100 percent of the average income growth in the years 2000 to 2007, the most recent extended period of economic expansion."
And the true uemployment rate is about 17 percent, not the feel-good number the media has been pushing in the last few days of 8.8 percent. (I love that ".8," as if it were a "significant" number.) This state of affairs is a fine backdrop to GOP efforts to savage "social network" provisions. Not that I think the thing is a matter of Dems vs Repubs. It's rich versus poor, naked class rip off.
I haven't any idea where all this is going, but I venture it is not going to be to a good place.
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