The "too big to fail" motto echoed in the Wall Street crisis in late 2007 as a definitive statement of the ties to the corporate world and their abandonment of small businesses. "Crony capitalism" has been coined to describe this symbiotic relationship.
Since the over $800 billion bailout, the "one percenters" of the uber rich have increased their wealth by 28 percent while the middle class has lost 5 percent of their earning power. There have been an incredible 9 million jobs-plus lost in the past five years of the Obama administration, as well as a whopping 11.5 million unemployed and 4.2 million people who have been out of jobs for six months.
Even the meager number of jobs being created are 93 percent part-time, low-paying positions primarily in fast food and retail marketing. Thirty-six percent of the Millennial generation is still living at home. The economy is growing at a pathetic 1.4 growth rate (as usual, it will be revised lower next month) and a 7.4 unemployment rate, which is actually hovering at 14-16 percent.
The stock market has gone through the roof, setting an all-time high with the aid of the Federal Reserve increasing the money supply each month by $87 billion. These QE policies 1, 2 and 3 have devaluated our dollar and have kept the stock market revved up for the one-percenters. Additionally, the cheaper dollar has made it easier for international corporations to sell their products overseas. Although it has made foreign items much more expensive at home.
Since the over $800 billion bailout, the "one percenters" of the uber rich have increased their wealth by 28 percent while the middle class has lost 5 percent of their earning power. There have been an incredible 9 million jobs-plus lost in the past five years of the Obama administration, as well as a whopping 11.5 million unemployed and 4.2 million people who have been out of jobs for six months.
Even the meager number of jobs being created are 93 percent part-time, low-paying positions primarily in fast food and retail marketing. Thirty-six percent of the Millennial generation is still living at home. The economy is growing at a pathetic 1.4 growth rate (as usual, it will be revised lower next month) and a 7.4 unemployment rate, which is actually hovering at 14-16 percent.
The stock market has gone through the roof, setting an all-time high with the aid of the Federal Reserve increasing the money supply each month by $87 billion. These QE policies 1, 2 and 3 have devaluated our dollar and have kept the stock market revved up for the one-percenters. Additionally, the cheaper dollar has made it easier for international corporations to sell their products overseas. Although it has made foreign items much more expensive at home.
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