With corporate profits soaring in the last three years it proves that the 1% have decoupled
from the rest of us. While we were forced into a crash because of a bubble, corporations lost for a few months and then did great financially. A tight money policy was used in the 1980s and 1990s to slow down an overheated economy and keeps things on an even keel and everyone shared the suffering during those short shallow depressions. Not anymore. Now the middle class fights inflation for the rich by being unemployed or losing their homes long term because of bubbles. The rich like bubbles. Alot of money can be made betting for it or against it. They don't lose their nest eggs when there is a crash like the middle class does. It is unfair for the economy to reflect only the needs of that one percent.
1. This is so sad. I have been thinking that corps are
holding back on hiring...not wanting the numbers to look better for Obama....and I wonder, what will happen when Obama gets reelected. Will they hold on to their cash and wait four long years to get the economy pumping?