Reshared post from +Tim O’Reilly
Says it all: Corporate profits hit an all-time high, wages hit an all-time low.This is what's wrong with the economy, in a nutshell. And it is amazing that the people who are on the short end of this stick are often the ones who are being persuaded that more of the same is going to be good for them.
Who was it who said "Politics is the art of getting money from the rich and votes from the poor by promising to protect each from the other"? That understates it by half. Now, we have one party persuading the poor that giving money to the rich will be good for them.
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Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low
Our priorities are seriously screwed up.
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2 comments
David Lazarus says:
August 19, 2012 at 9:09 pm (UTC -7)
Nice article. I can't say that I disagree. In fact, it gave me one more thing to list on my "president" post.
George Salgueiro says:
August 20, 2012 at 6:36 am (UTC -7)
Tim O'Reilly is the 1%.