http://www.youtube.com/watch?v=VgIswmKt8wo&feature=youtu.be
This video was posted on May 14, 2012 on the Independent Journal Review’s Web site.
Without policies and programs that support growth, neither Democrat or Republican will be able to cut the deficit. President Obama launched his re-election campaign with a series of speeches decrying the country’s growing inequalities and increasingly regressive tax codes. In Osawatomie, Kansas, the president declared that the growing chasm between rich and poor was “the defining issue of our time. This is a make-or-break moment for the middle class,” he said, “and for all those who are fighting to get into the middle class. Because what’s at stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, secure their retirement.” Since that speech, Obama has repeatedly struck a more radical economic note than he did in the first three years of his presidency. BUT, what is not discussed is the reality that as long as working people are limited by earning income solely through their labor worker wages, they will be left behind by the continued gravitation of economic bounty toward the top 1 percent of the people that the system is rigged to benefit through ever-narrowing concentrated ownership of productive capital. Working people and the middle class will continue to stagnate, resulting in a stagnated consumer economy. More troubling is that this continued stagnation will further dim the economic hopes of America’s youth, no matter what their education level. The result will have profound long-term consequences for the nation’s economic health and further limit equal earning opportunity and spread income inequality. As the need for labor decreases and the power and leverage of productive capital increases, the gap between the middle class, labor workers and the poor and capital owners will increase, which will result in far more upheaval than perceived with the Occupy movement.
While there is a growing sentiment among Democrats and Republicans, sensing that their constituents are drawing connections between their financial struggles and an economy apparently rigged to favor the wealthy, our political leaders have not offered up any policies and programs that address America’s growing income divisions. They have failed miserably––even denying an open national debate on this imperative issue.
