IN AMERICA, NO LEGAL NEED APPLY!
92,594,000: Americans Not in Labor Force Hits All-Time Record;
Participation Rate Matches 36-Year Low
Income inequality grows four times faster under Obama than Bush
The study noted that, in the aftermath of the Great
Depression, the US undertook policies “during the New Deal [that] permanently
reduced income concentration until the 1970s.” In contrast, the study noted a
striking absence of any measures to reign in social inequality in the present
crisis. Far from it, the Obama administrations’ bank bailouts, austerity
program and wage-cutting policies have vastly expanded the prevalence of social
inequality.
REALITY of HOPE & CHANGE…. will
we survive Wall Street’s ongoing looting?
State of the Union: A bankrupt
ruling class talking to itself
30 January 2014
President Barack Obama’s State of the Union speech was a cynical
propaganda piece, filled with fraudulent claims and promises that no one, least
of all his audience at the US Capitol, believes in the slightest.
With Obama’s speech Tuesday night one had more than ever the
sense of the president as chief representative of the financial aristocracy that rules America, speaking to a
house filled with millionaire congress members and bought-and-paid-for
representatives of big business.
OBAMAnomics at work for Wall
Street donors:
The labor
share of national income has fallen from
62 percent before the eruption of the
financial
crisis to around 59 percent today. With US gross
domestic product at
about $15 trillion, this means
that some $450 billion has been gouged out of
the
working class to finance the further enrichment of
the financial
aristocracy.
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