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On 5 Mar 2005 07:51:00 -0800, wrote:
Let's see:
According to information in the article you posted:
Investors are happy because all the new jobs being offered pay such
crappy wages there is very little chance that wage growth will
contribute to inflation.
Our artificially low interest rates will continue to fuel the illusion
of a robust economy for just a little bit longer.
You know, if you don't give a darn about the middle class, the current
economic trend (outlined in this article) of a lot of sub-family wage,
service sector, burger flipping jobs and the bull market paying strong
dividends for the tiny minority of Americans with any significant money
invested in the market is either very good news, or one step closer to
bankruptcy.....
Bankruptcy that may soon be harder to declare. I would favor that, in
many ways, but the timing is wrong when wages are stagnant or declining
and employer paid health care benefits are either scaled back to a much
smaller portion than before or withdrawn entirely.
We are rapidly becoming a nation of haves and have-nots.
I agree, that can be very good news if you're a "have" and don't give a
damn about your neighbors.
Our middle class is shrinking because the number of educated people is
shrinking. You should have watched Alan Greenspan as he answered the same
concerns of yours expressed by some of the less informed Democrats during his
hearings.
When you have liberals like Ward Churchill comparing capitalists to Adolph
Eichmann, and other liberals *believing* him, you have to wonder at any of them
complaining about the reduction of the middle class.
John H
"All decisions are the result of binary thinking."
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