Posted on 04/11/2008 3:05:35 PM PDT by TigerLikesRooster
Next week should prove a very interesting bearish week for Wall Street.
Yet, the source of the problem, as we hear over and over again, is that the middle class does not have the wherewithall to keep up their end of the bargain, and yet the labor of the middle class, profits earned off of their labor, and the taxes generated from their labor is the origin of most of the wealth in the US.
But was Bernanke ever concerned about the health of the middle class? I don't think so. He is concerned about the health of the banks, and the ceo's who get $50M in bonuses the year before driving a primary dealer into the ground.
The source of the problem is that the folks running the "economic system" have become far more concerned about how much they get paid and far too unconcerned about the health of the capitalist arrangements that generate that pay.
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