Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality. …
It’s called economic sabotage. Downturns are when the debt oligarchs really cash in by buying real assets for pennies on the “dollar” from desperate people. The fed has made sure their banker/owners are flush with cash for the feast. Oh and by the way, the fed is the single most culpable institution in our current disaster. The great depression, which was also caused by the fed according to milton friedman and ben bernanke, vastly concentrated land ownership in this country and forced a mass migration to the cities. But now, fraudulently evicted americans have nowhere else to go.
It’s a shame they still haven’t figured out how to administer monetary and interest rate policy, right? It’s all a big misunderstanding.