The Poor getting Poorer while The Corporations getting Richer

The Rich Get Richer, the Poor Get Poorer, While the Middle Class Gets Decimated



The rich get richer and the poor get poorer. That should be the theme that best describes this “great recession.” Only the poor are expanding in numbers with members of the middle class (that have been treading water since the late 1970′s with flat incomes that barely kept up with inflation) now being decimated with job losses, expiring unemployment benefits, depletion of savings, foreclosures and bankruptcy; some falling so far and having to rely on food stamps just to survive. Meanwhile the rich have remained whole, thank you very much. Wall Street tycoons were bailed out. The stock market has recovered with the Dow now over 11,000 so all is well with the investor class. Of course the big corporations, having moved their labor operations to 3rd world countries are quite profitable, as are the private health insurance behemoths, their brother pharmaceutical giants as well as all the defense related industries (with their huge government contracts) that never had it better.