Lobbying To Be Shafted
The recession of the summer of 2010 is unusual. The banks and corporations was more profitable than ever, while the unemployment rate was through the roof and mortgage foreclosures were rampant. What was happening?
- Corporations were eliminating jobs by exporting them overseas, automation and simply by driving employees harder.
- Corporations were lowering wages and reducing benefits. They could get away with this since the high unemployment rate means they had no trouble finding applicants.
- With the Citizens United supreme court ruling, corporations now have the legal right to buy politicians with no limit on the size of the bribe. Corporations used this to arrange laws in their favour so that money flows upward from the poor and middle class to the corporations and the wealthy that own them far faster than ever before.
- The media convinced the average Americans that coddling the corporations and the uber-rich needed to proceed still further before the general public had any hope for jobs and prosperity.
The essential problem is an extreme wealth imbalance and hence power imbalance and a moronic public (especially the Tea Party) who have been manipulated to lobby for their own shafting.~ Roedy (1948-02-04 age:70)