Notice that the main position of the Tea Party/GOP which is "trickle down jobs" holds no credibility whatsoever. It never did.
CS Monitor: Unemployment, Inc.: Why America can't create jobs
3 Rise of the 'plutonomy'
The income gap between the richest Americans and those in the middle- or lower-income groups is large, compared with other advanced nations, and it has been widening for several decades. This may be dampening job growth in the current recovery.
The wealthy are less likely than others to spend each new dollar of income – and at a time like this more consumer spending is one of the most reliable ways to boost the economy and produce jobs...
2 comments:
Good article. Cheap offshore labor , US prison labor, millions of illegal people here from everywhere looking for work and a wealthy elite only concerned about itself ( selfish and greedy.) Have all added to this mess.
It’s look like you cover every thing in this Article. This is great and finally got something to learn after roming around the other blogs.
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