mallarde

Time for the American Government and People To Confront Reality

Now that the latest pyramid scheme has collapsed and the credit has dried up, Americans and their government will have to come to terms with the fact that many high-wage jobs were allowed to be exported. On top of that, the government allowed tens of millions of low-wage workers into the country to compete with American workers for jobs and public services.

The result is a terrific whipsaw effect. Few in power are able to understand the strain that average American workers are experiencing. (Try watching Lou Dobbs to see this disconnect.) But no matter how much D.C. attempts to juice the economy with more cash, people can no longer spend when they do not earn enough to live on.