On Sat, 24 Jul 2010 20:53:01 -0400, Harry ?
wrote:

..


Obama can steer the government into creating or sustaining public sector
jobs, and federal agencies can help the private sector be in a better
position to create or add jobs or rehire, but the private sector isn't
doing anything, despite soaring profits in some segments. It's too bad
the "private" economy doesn't work anymore.

the logic USED to be that companies would transfer SOME portion of
productivity increases to workers in the form of increased wages. this
is needed to keep the middle class vibrant and spending.

but in the last 30 years, ALL producitivity increases have gone to
CEO's and stockholders (the top 10% of weathholders have 90% of
stock).

that's one principal reason we're in the shape we're in. the wealthy
are now reaping what they sowed.