Americans Can’t Afford Republicans Anymore – In Jobs Or Dollars

[Bill USA]

http://ourfuture.org/20131008/americans-cant-afford-republicans-anymore-in-jobs-or-dollars-3


Journalists are understandably captivated by the government shutdown and the looming confrontation over the debt ceiling. Those are certainly dramatic stories. But another, quieter drama has been playing out for years in homes and communities across the country, as millions of jobs and trillions in wealth have been lost to Republican economic folly.

The nation has paid for their right-wing agenda with millions of jobs and trillions of dollars, and now the Republicans are doing their best to make things even worse. Their budget stance offends many Americans’ sense of justice, but in the end the country may reject their ideology for an even simpler reason: We can’t afford it anymore.

Millions Left Behind

Thi story begins with the financial crisis and recession of 2008. Reports say that the incoming Obama Administration reduced its proposed stimulus because it thought Republicans would reject the actual level of spending needed to rescue the economy. The resulting stimulus package saved or created millions of jobs, but the country remained in the grip of an ongoing recession that limited both job creation and wage growth. (See chart below for the lingering cost in American jobs.) Further stimulus spending became politically unfeasible after they won the House in 2010.

The result? Wealth inequality has became worse since the crisis. The top 1 percent of American earners saw their income increase by a staggering 32 percent in 2012, even as millions of others remained mired in an ongoing de facto depression. For the first time since they began tracking the numbers a century ago, the wealthiest 10 percent of the country captured more than half its total income.
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[Laelth]

1. k&r for exposure. n/t

-Laelth

[Mnemosyne]

2. K&R nt

[blkmusclmachine]

3. Good bumper sticker material

[daybranch]

4. If you really want to do something

organize and fight the Gerrymandering which allows the bad politicians to cause such chaos without fear of retribution. Call Common Cause, League of Women Voters , ask them what they are doing. If they are not doing anything , start your own group . Grass roots is grass roots- lets get started here in Ohio and anywhere else there is Gerrymandering.

[Doctor_J]

5. It would be so nice to have Harry & Barry & Nancy bark about this every day

I don't know why they won't make this a daily talking point - ever. There's some whining and the occasional cryptic remark, but no attacks. WTF is wrong?

[daleanime]

6. K&R....