Happy Labor Day! And what better time than this annual celebration of America’s working stiffs to draw attention to our national economic recovery?
As those attached to the Dow Jones Average can attest, the economy is now perking along quite nicely, with the Dow up 57 percent since the dark days of 2009, presently soaring above 13,000. Also, the nation’s pile of wealth has grown impressively, executive paychecks have zoomed back up to Zip-a-Dee-Doo-Dah levels, and sales at stores like Neiman Marcus and Saks Fifth Avenue are absolutely crackerjack!
The only little cloud over this otherwise sunshiny recovery is … well, you. You people for whom Labor Day is named, that is.
Not only did Wall Street’s crash knock jobs, wages, benefits, homeownership and middle-class opportunities into the ditch, but they’re still stuck there — and even sinking lower. Yet the financial elites, political establishment and media powers remain rapturously focused on the Dow, uncaring about the precipitous decline in the Doug Jones Average.
If Doug and Donna aren’t prospering, neither is America, no matter how much wealth the privileged few are lavishing on luxury goods or socking away in offshore tax havens.
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