Today, after four years of economic growth, corporate profits and stock prices have rarely been higher, and those at the top have never done better. But average wages have barely budged. Inequality has deepened. Upward mobility has stalled. The cold, hard fact is that even in the midst of recovery, too many Americans are working more than ever just to get by — let alone get ahead. And too many still arent working at all. - President Obama Like the administration before it, it is the policies of this administration and the economic approach of the Federal Reserve that has given us these results. For anyone, the President included, to complain about these results, yet continue the inflationary and regulatory policies that are the root cause of these problems shows a lack of basic economic understanding.
Posted on: Wed, 29 Jan 2014 00:57:55 +0000
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