Tuesday, May 02, 2006

No mystery to most folks

The TV pundits have of late been wondering how come, with the "improving numbers," Bush is doing so poorly in the polls on the question of the state of the economy. Well, if the talking heads, who rely on GDP figures and gross inflation trends, would look at the average worker's situation, he'd see this: flat or declining wage levels, increased borrowing, negative savings.
In other words, if they'd do their jobs, instead of simply spewing Wall Street's markers, they'd realize what most Americans realize. The present US economy is a hollow shell, fabricated on corporate and rich-folks' wealth and fed by consumers' borrowings.

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