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A jobless recovery is not a recovery, its only an entrenchment of wealth

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soupkitchen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-03 09:39 AM
Original message
A jobless recovery is not a recovery, its only an entrenchment of wealth
More of the rich get richer while the poor get nothing.
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sam sarrha Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-03 09:47 AM
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1. hey, I could use a jobless recovery!! because there are no jobs!!
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marshmellow Donating Member (904 posts) Send PM | Profile | Ignore Fri Oct-03-03 09:53 AM
Response to Original message
2. A recovery does exist.
It exists for bankers who are charging extreme interest on their little or no cost to borrow money.

It exists for oil companies that seek new levels of profitability.

It exists for wall street brokerage houses that are sucking in investors back to the market.

It exists for companies that stripped away 15% of their workforce and cut back on business investment.

The "economic recovery" is an orwellian term used to con the middle class into feeling good about spending.

The real deal is how low interest rates are allowing people to borrow money and pay higher gas prices with borrowed money. The equity loans are used to buy stuff that has a premium built into them that pays for higher gas prices. That is a clever shake down of the american consumer.

Allowing artificially low interest rates to sell huge SUV's and pay for a gas premium hidden in the price of other products. What is really happening is a transfer of huge amounts of wealth from average americans to oil barons, wherever they may be.
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Loyal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-03 03:32 PM
Response to Reply #2
3. Good points
n/t
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Loyal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-03 03:32 PM
Response to Original message
4. A jobless recovery is not
a recovery at all, I agree.
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