Monday, June 11, 2012

Assessing the damage

We've all seen, or at least heard, evidence of the devastating effect that the recession had (and continues to have) on the American people. From high unemployment, lower compensation, lower value for homes, and so much more, we can clearly see that there has been a lot of change for we workers, and not much of it has been good.

Well, if you needed more evidence of this, consider a recent study released by the fed, which shows a sharp drop in the net worth of people's assets between 2007 and 2010, the worst years of the recession to date.

The thing that really upsets me about this is that no one in Washington is going to do anything with this information. The Republicans will take it and say it's evidence that the wealthy need more tax breaks, while the Democrats will just complain and then agree to whatever the GOP says in the name of "bipartisanship" that only seems to go one way.

And while that's going on, people like you and I are going to continue seeing wealth slipping from the hands of the many into the pockets of the few. We are going to continue seeing the wealthy grow in wealth while more and more people slide into poverty. This has to stop soon, or there won't be a way to make a living anymore.

I posted a story earlier today about a man who said he wants to bring the state budget under control. His ideas are very Republican: target public employees and school teachers, cut their benefits, freeze their pay, force them into private retirement accounts, and shut down any new job growth. Why? Because they are paid through tax dollars. Here's a suggestion. Instead of harming honest, hard-working people, why not demand all the stimulus money back from Wall Street and the major corporations who are sitting on trillions of dollars? Why not stop oil and corn subsidies? Why would you target flesh-and-blood Americans before going after corporations or the wealthy? It makes no sense to me.

Whatever happens, I hope it brings some aid to the ailing American workers. We could come back tomorrow if we just had the right people doing the right things. So far, it hasn't happened, and we're continually at the mercy of those who have paid our governments off.

No comments: