Sunday, September 26, 2010

Recession: Causes-Lack of Recovery

So.....listened to an economist (who worked with one of our former presidents) analyze the Great Recession we are currently enduring. (Frankly can't see a thing great about it! .....but.....

This is what he said whether we agree or not it gives food for thought and makes sense if you have listened to the news over the last 5 years. Both the cause and the lack of recovery are related to the disproportionate amount in salaries being paid to CEO's and the common middle class worker. Thus, in his analysis the total middle class who earn, spend, and thus support the economy have had less and less money to invest and / or spend. Therefore, nothing is moving forward. Even though this fact has been exposed over and over nothing has been done to correct this. One part of the middle class he cited as continually suffering from low wages for the amount of education and work required were school teachers. YOU GO MAN!!! YOU SURE GOT THAT ONE RIGHT!
But teachers are not the only underpaid middle class workers. There are many out there. And the overpaid CEO's were exposed in the beginning of this event as a part of the downfall of many bank and mortgage institutions which incidently the government propped up only to have them pay their CEO's more $$$$.
Now today comes further information uncovered in the census reports -- the gap between the haves and the have-nots has grown such that it is greater than it has ever been.
I have come to the conclusion that some people running this place have hearing problems and real deficits in making connections! How about you?

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