Millions of Unemployed Face Years Without Jobs
New York Times:Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.
Read the whole story: New York Times
I always read the comments from great posts like this one, here are a few....
This is exactly what Reaganomics was designed to do; destroy the middle class with all it's attendent messiness and demands for attention by shifting the tax burden downward, then reduce collective bargaining to the point where only 7% of the private workforce is unionized, then control and manipulate the media so people are convinced this is all a good thing.
And, get this, the American voter is dumb enough to be on the verge of handing power back to these people. AT THE SAME TIME Republicans are insisting we need less regulation and further cuts in something called entitlements. They are salivating over shredding social security, medicare and medicaid.
Can unemployment insurance, workers comp, and the 40 hour work week be far behind?
(of course I'm entitled to it; I've PAID for it all my life!!)
Hey, maybe it's a good thing we give control back to conservatives; and for 8 years.
Maybe the NEXT great recession will be deep enough to affect better off angry white men so they can see how the rest of us live.
Love the Reaganomics comment! Conservatives want to raise Reagan from the grave. WHY???????
Here's another good one, this person has the right idea.
Good politicians such as Alan Grayson, Dennis Kucinich and Al Franken can't possibly do the work all by themselves amidst the majority of bought and paid for congress by the 2% elite.
Americans need to get OFF the internet and take to the streets in protest. The 2% need to have a relatively healthy fear of the other 98% of us, to remember if they let their greed go too unchecked then the days of the French Bastille can and will come to pass again in one form or another in this nation.
But of course I'm probably wrong as sadly as long as the majority of Americans have the likes of 'American Idol' and 'Survivor' to watch on their o' so precious i-pods. How very sad to see the beginning of the slow death of America. It's only a matter of time before China calls in our debt and we go completely third world, and the only two jobs left will be at either Walmart or McDonald's.
The trolls always amazes me. They complain and whine about Obama as if the Regressives and Bush had done the best job in the world. Why do they think Obama won in a landslide? BECAUSE THE COUNTRY WAS TIRED OF THE REPUBLICANS AND THEIR SPENDING ON THE ILLEGAL WAR AND THEIR ETERNAL TAX CUTS TO THE WEALTHY. That's why.
And if any of them has a little dignity instead of blaming the state of the country on Obama, they should start lecturing their own on the virtues of not creating deficits at the expense of the country.
Physician heal thyself.
One more, these are good!
EVOLVING FROM NEW DEAL AND GLASS-STEAGALL TO AYN RAND “GREED IS GOOD” OF REAGAN AND GREENSCAM!
The New Deal’s three R’s of 1936 to Overcome the Greed of the Financial Aristocracy that caused the Market Crash and the Great Depression:
1. Relief - for unemployed and poor - Social Security
2. Recovery - of economy
3. Reform - of financial system to prevent another great depression
Republicans viewed the New Deal as an enemy of business and growth!
Produced a rebirth of liberal ideas and in the 1960's President Johnson expanded them to include equal rights and Medicare.
After 1974, libertarian views grew in support, calling for deregulation of the economy and ending New Deal regulation of transportation, banking and communications! Reagan’s V00D00 Economics brought this OUT OF CONTROL Ayn Rand Concepts of “Greed is Good” into government and deregulated Health Care and virtually every industry.
Finally, virtually all regulations on Wall Street were ignored and/or deregulated and the GREAT BUSH REPUBLICAN FINANCIAL CRISIS OF 2008 Happened with THEFT an accepted JOB #1 on Wall Street!
Reaganomics is the core of our economic mess (I know there are other factors as well). By dramatically lowering the taxes on the wealthy, all the money got sucked up to the top. This left the consumer class with a lot less money and, thus, unable to pay its bills or consume. (middle class wages have been stagnant and the gap between the rich and the poor has increased).
The same phenomena happened right before the Great Depression, which Marriner Eccles (Chairman of the Federal Reserve, 1932-1948 (and also a very successful banker)) pointed out.
Think about it: When taxes were much higher on the wealthy (1932 - 1980), America became an economic and military powerhouse. Conversely, our two worst economic periods were preceded by comparatively lower taxes on the wealthy.
See a historic tax rate chart here: http://www
