And we decline still further...

Fascinating article at New York Times which asks the question "Corporate Profits Are Booming? Why aren't jobs?"

Answer: because it is not in the short term interest of certain members of our national elite to let them bloom.

But the kicker is "short term." In the long...well, that's another story entirely.

The line in this article which says it best, I think, comes near the end. It reads, "Some economists, conservative and liberal, divine forbidding portents in all of this. If profits and employment no longer rise and fall together, they worry, then an already strained social compact will grow yet more frayed."

Who can doubt that they will be frayed, indeed?

Link to story is below:

Profits Are Booming. Why Aren't Jobs?

Does A Bear....?

Saw the article the other day by Dave Johnson on how the very wealthy caused our current, massive deficit and by extension our current Recession and joblessness. His argument, which is buttressed by an amazing number of statistics, is that the mega-rich (what I call the 1%) forced the government to stop taxing them at anything like reasonable levels.

But, they and everyone else (but mostly them) continued to demand social services. The result was a government that supported itself by borrowing, hoping against hope that when the bill came due there would be money from somewhere to pay it off..

So, now that day is here, but our fairy godmother has declined to show up with magic wand and debit card.

The result? The 1%ers continue to insist on No New Taxes…for them. Meaning the cost of their decades of irresponsibility is shifted to us, the middle class. We pay for it with joblessness, higher prices, and the general decline in our standard of living.

Did the mega-rich cause the deficit?

Well, let's see, they forced the government to stop taxing them at anything like reasonable levels, but then demanded that the government provide them with social services, and so Washington had to borrow like mad, and, now, here we are, with the wolf at the door…

So, did they cause the deficit?

Does a bear sh— …er…seek a moment of solitary contemplation in the woods?





Source: huffingtonpost.com/dave-johnson/did-the-rich-cause-the-de_b_786062.html?ir=Business