Thursday, March 14, 2013

Stock Market High...and Worker Lows

US workers continue to suffer as elites consolidate even more power and money.  The US Treasury and the Federal Reserve continue to funnel money into the big banks through Quantitative Easing (QE).  In this scheme, banks are overpaid for their toxic assets.1

On the worker front, about 50 million people in the US continue to rely on SNAP (aka foodstamps) to get by.  Youth continue to have difficulty in finding work, and many are feeling depressed and suicidal.  Work hours are also being reduced by some corporations to skirt the Affordable Care Act.2  At the time of this writing, Republicans and Democrats are discussing austerity measures that are already hurting low income workers and their families.3