Is U.S. Economic Policy Protecting People or Corporations?

[FreakinDJ]

Is U.S. Economic Policy Protecting People or Corporations?

by lisa, Aug 11, 2010, at 10:41 am

Martin Hart-Landsberg, at Reports from the Economic Front, offers a provocative hypothesis. He observes that job loss in the U.S. has been tremendous. One in 20 jobs has disappeared. Still, Congress drug its feet approving an extension of unemployment benefits. The extension has been approved, but benefits are hardly generous (on average, $309 a month week). Further, millions of unemployed people are not collecting unemployment because they’re not eligible under current policy.

Hart-Landsberg asks why there is a lack of “meaningful national efforts” to address the suffering of workers and their families?

His hypothesis: Economic policy is not responsive to workers’ needs. Instead, it is heavily driven by what is best for corporations. And, it turns, out, corporations are doing swimmingly during the recession. They took a beating at first, but their profits are up. Downsizing appears to have benefited them. Consider this chart from the Economic Policy Institute (EPI):



http://thesocietypages.org/socimages/2010/08/11/is-u-s-economic-policy-protecting-people-or-corporations/

Dear Mr President

If you can't close the loop holes enacted by the prior administration, giving corporations a "Tax Advantage" to outsource our jobs, then how can YOU honestly claim to be serving the people of this great country and bringing about change

just my $.02

[dipsydoodle]

1. Your $.02 begs the question

is there something awry about our ideas on democracy. Shouldn't governments do what's expected of them by those who vote them into power ?

[FreakinDJ]

2. Epic Fail

[ixion]

3. Is that a rhetorical question? Because

I think it's blatantly obvious whom the government serves, and it isn't We, the People.

[City Lights]

4. We are a nation of, by, and for the corporations.

What the people want is irrelevant. We are here only to serve our corporate masters.

[Earth_First]

5. Well since corporations are legally granted 'personhood'

...it is only certain people that are being protected.