Power of Story Send a Tweet        
- Advertisement -
OpEdNews Op Eds

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

By       Message Richard Eskow       (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page.     Permalink

Related Topic(s): ; ; ; ; ; ; , Add Tags  Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 9/16/12

Author 77715
Become a Fan
  (14 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.

- Advertisement -

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.

Next Page  1  |  2

- Advertisement -


- Advertisement -

View Ratings | Rate It


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 Share Author on Social Media   Go To Commenting

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

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView 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