Wednesday, April 17, 2013

There is a Silver Lining After All

Actually a gold lining as billionaire hedge fund crooks are doing better than ever while millions more are falling through the cracks and descending into destitution.

It doesn't matter if the poor even have jobs, provided they can find any at all:

More than 46 million people, or about 15 percent of the US population, lived below the official poverty level in 2011, according to the US Census Bureau. A new report from the Bureau of Labor Statistics (BLS) shows that the “working poor” account for 10.4 million of this number, or nearly a quarter of all those living in poverty according to government guidelines.

The statistics revealed by the BLS report are a stunning indictment of the current state of the US economy and demonstrate how the so-called recovery is playing out in the everyday lives of workers and their families. Corporations, backed by the policies of the Obama administration and both big business parties, have seized on the jobs crisis in the wake of the recession to drive down workers’ wages and boost productivity.

That last point is important to note because that is why "Democrat" Barack Obama hasn't done one damned thing about the economy other than a half-assed "stimulus package" which didn't do squat.

What we really have is another Great Depression.

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