In the private sector job loss continues, more 401Ks are gone, and more houses are being foreclosed upon. Of course the blame is being placed on the public sector, which is now seeing jobs cut and pension plans eliminated which will be followed by home foreclosures. With the further loss of revenue in consumer spending there will be more job losses, ect. ect., in the private sector leading to decreasing tax revenues and calls for more cuts in the public sector.
Why can’t those still left in the middle class see these evident events occurring right in front of their eyes? Why do they continue to cut one another’s throats to the benefit of the power elite? In the world of supply and demand we now have about 10,000 individuals competing for every job still left in our economy.
Continue reading “Americans are the Losers in the Blame Game”