Friday, August 20, 2010
Yelling at the news on the radio today -
Why are 1 out of 8 Americans on food stamps? Why are people on years-long waiting lists for subsidized rentals? Why can't average working people afford health care?
The wages of middle- and working-class Americans have stagnated over the past 30 years, while the incomes of the top 1% or 2% have skyrocketed. Maybe that has something to do with it? I'm not an economist, so how can I know?
Unions are demonized - teachers' unions fighting for decent salaries and working conditions, auto workers' union fighting to hang on to previously agreed to pension and health benefits - while the Wall Streeters get to keep obscene bonuses based on contracts signed before they drove the economy into the swamp. Contracts are legally binding, except when they're contracts with working stiffs. Full disclosure: I worked for the Commonwealth for a couple of years; the union contract was meaningless because the legislature simply declined to fund it.
Wall Streeters, banksters, and the other fraud artists at the top of the economic heap don't need unions. Political contributions do their talking for them.
Class warfare, anyone? Eat the rich.