If nothing proves else proves that we live in 2 Americas the wealthiest one percent and everyone else then this should: How is it possible that we have double digit unemployment – the worst since the Great Depression, inflation, people continue to lose their homes, businesses, jobs and the majority of the middle class has slipped down from upper to middle, or middle to lower, yet Wall Street remains in a bubble of its own?
How is this possible?
The wealthiest one percent aren’t directly effected by the down turn. But they eventually will be. The market, which is in some sort of fantasy driven bubble, will eventually get hit when no one can buy things anymore. I don’t know about you guys, but I end up at Target a lot because I have a toddler. I’ve noticed everything I normally buy for her is at least a dollar more per item. That’s some serious inflation! And only about ten percent of the people are shopping there compared to just a year or two ago. I’m not an economist, but that doesn’t bode well for the economy.
Slobbadon wrote a post which I skimmed over, but according to an astrologer he’s been following the crash is due next winter. Frankly, I keep feeling the labor pains and then they disappear. I feel the Oh, No, energy and then it recedes and the economy seems to stay afloat through the sheer will of investors and a lot of lying which I’m sure will come out later.
But whenever the next crash comes, and it will come, we are still in trouble. There’s talk of unemployment being high for a very long time. Reason being is most jobs have been shipped overseas. What I don’t understand is why our government doesn’t make it financially impractical for this to happen. Whatever happened to regulating this with tariffs and import/export duties? If if cost company A more money to manufacture their flashlights in China due to taxation and an international wage law that required Company A to pay a universal minimum wage (based on Europe or the US standards) and on top of that they had to pay shipping and exporting and importing taxes, chances are pretty good they’d just take those jobs back to the US.
There have to be solutions. It’s not right that our corporations exploit people in other countries (in old timey Dickensian fashion) and it’s not right that laws don’t seem to apply to companies. People died here in the 30s trying to get rights for unions and fair wages only to have it be pissed away and thrown out with the bath water during the Reagan years. Thanks Reagan for setting us on the course of economic ruination of the middle-class, you know the trickle down economics where the lack of cash trickles down to the point of starvation and we become akin to a developing nation.
Sometimes I wonder if we can change our trajectory, the one I envisioned in the novel Americhrist (published on this site). It feels all too real, all too inevitable which is why Obama really needs to push back. He’s a wonderful man, but so was Carter, and if he’s not careful his presidency could go the way Carter’s did. It seems there is enough of a majority of mentally challenged people in our country who not only can’t relate to an erudite, intelligent, thoughtful, peaceful, diplomat, but who actually hate people like that. It seems there are Americans who just love the sound of a big fat bully bellowing. Sad.
Bug your congresspeople and Obama to put the public option back on the table and pass it!
Best wishes all you kind, intelligent and gracious people,
And seriously read the book Americhrist it will make the hair on your neck stand up. I wrote it in 2000, the first draft was finished shortly after Bush took office the first time around.