Source:
AlterNetIn the first six years of the Clinton administration, 13.7 million jobs were created. In the same period, under Bush, only 3.7 million jobs were created. Barely keeping up with population growth, if that. (Source: Fox News)
Now let us look at median income. That's as opposed to average income (If Bill Gates walks into a bar with 10 people, the average income of everyone in the room goes up by $17,5000,000. But the median income just moves up half a notch, from between the fifth and sixth person, to the sixth person's income). From 2001 to 2005, median income, for people under 65, went down $2,000.
That's worth restating. From 2001 to 2005, the income of the average working person declined by $2,000...
...The real solutions are pretty obvious and pretty simple.
First, we have to make a choice: Do we want a sound economy for all of us and a strong America? Or do we want to have a few people of unlimited wealth who use that wealth, among other things, to control the government so that it helps them milk more money from the rest of us?
By the way, this is not a call for socialism! Or other ism! Except a call for sensible and effective capitalism. Based on what we've seen work and seen fail.
In the real world, there are no such things as free markets.
In the real world, business people manipulate and conspire to control markets, and governments both control and collude with business, while tax policies and government spending have a major affect on the economy.
Let us accept that, and then the argument is only over how best to do it.
Simply giving money to rich people doesn't work.
Read more:
http://www.alternet.org/workplace/74262/?p...
IMHO, this guy understands what is really happening and why Bushco and "piss on the people" neo-cons have ruined this country's economy. It is a good, easy read and even offers some solutions. I wonder if the current crop of pundits and candidates are listening.
