Thursday, January 10, 2013

IS CORPORATE GREED KILLING THE AMERICA'S ECONOMY AND HER MIDDLE-CLASS WORKERS?

 The six of the America's biggest banks on the Wall Street at the moment that were directly and financially responsible for the entire collapse of the America's national economy that then resulted in the worst economic recession in America for the last 70 years due to their years of Republican  supported unregulated, corrupt and deceptive business practices are today controlling assets that are about 66% of the America's annual GDP or about $8 trillion in cash value. The corporate tax per GDP in America is the lowest in the whole world today. These Wall Street banks were bailed out with the Obama's stimulus monies. These banks came out very strong financially and making record high profits. The middle class Americans were never bailed out with the same Obama stimulus and are now left behind economically devastated and have not fully recovered from the economic impacts or effects of this great American recession of 2008.

These big corporations in America are also sitting on an estimated idle cash to the tune of $2 trillion that they have refused to invest into this ailing America's national economy which will easily create the much needed millions of jobs for their fellow American middle class workers who lost their jobs as a result of what the Wall Street did with the America's national economy. The nation's unemployment rate stands at 7.8% or 13 million jobless fellow Americans who are today out of work plus more millions of middle class Americans who are also facing home foreclosures in 2013. Is corporate greed for maximum profit from the Wall Street banks that have no human face on it and the dirty political brinkmanship in the United States Congress in Washington DC not jointly responsible for the destruction of the America's middle class today?  Time will surely tell.

No comments:

Post a Comment