We Are Living In A Second “Robber Baron” Era

found online by Raymond

 
From Ted McLaughlin at jobsanger:

It is obvious that the U.S. economy continues to struggle, and has done so since the latter part of 2007. The rich (and the corporations) have fully recovered from the Bush recession, but few other Americans have. Unemployment can’t get below about 5%, leaving millions still out of work, wages are stagnant (with almost all rising productivity going to management), and the GDP remains below normal.

The Republican prescription for fixing this is to maintain (and double-down) “trickle-down” economics. Just give more money to the rich (and corporations) and everything will be OK. There are a couple of problems with that.

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