Share on Google Plus Share on Twitter 3 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (3 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   1 comment

OpEdNews Op Eds

Fat Pythons And Hungry Humans: Last Week's Real Economic Story

By (about the author)     Permalink       (Page 2 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 9/15/12

Become a Fan
  (11 fans)
- Advertisement -

And when you fire them, businesses lay people off.

It's the same with wages: Raise them for the middle class and they'll spend the money, which increases employment. The competition for workers will cause wages ro rise. But if you let the median income fall with each passing year, jobs and wages will keep withering away.

Why aren't we adding more government jobs? Because the wealthy patrons of our political system don't want to pay more in taxes. That's why the Republicans keep pushing illogical economic crack to an audience of wealthy addicts. And this kind of crack makes other people waste away, while the addicts stay fat and happy.

The President does want to raise taxes on the wealthy, but not to anything near the level they paid during most of the last century. And he accepted his party's nomination for a second term without even mentioning the jobs bill he introduced last year -- a bill which Congress rejected, even though it was watered down with relatively unproductive tax breaks to placate the wealthy.

In our wealth-dominated political discourse neither our leaders, nor our candidates, nor our media had much to say about the latest census figures, either. They tell us that median family income is has fallen roughly 8 percent, or $4,400 per year, since the Great Recession began. And that happened while, as Jared Bernstein notes, "the share of income going to the top fifth was the highest on record." (And, as Bernstein explains, that's without counting the capital gains income that contributes significantly to the income of the most wealthy.)

Nothing will change unless the public demands action. If not our leaders will continue to address the concerns of the 1 percent rather than the 99 percent. The pythons will keep getting fatter, and rest of us will have nothing better to do than keep sifting through their crap looking for Rat McNuggets.

- Advertisement -

- Advertisement -

Next Page  1  |  2

 

http://www.huffingtonpost.com/rj-eskow/the-dumbest-bipartisa

Host of 'The Breakdown,' Writer, and Senior Fellow, Campaign for America's Future


Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations

The Top 12 Political Fallacies of 2012

Pawn: The Real George Zimmerman Story

What America Would Look Like If Libertarians Got Their Way

"F" The Bureaucracy! The White House Can Help Homeowners Right Now

"His Own Man's" Man: Jeb Bush and the Return of Wolfowitz

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 people are discussing this page, with 1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

We - that is, our Congress - can simply do what it... by Scott Baker on Sunday, Sep 16, 2012 at 5:14:31 AM