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Politics : President Barack Obama
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To: tejek who wrote (88326)1/24/2011 2:58:21 PM
From: Road Walker  Read Replies (1) of 149317
 
Yeah Krugman has become a little boring, I think. But he's right here:

Consider: A corporate leader who increases profits by slashing his work force is thought to be successful. Well, that’s more or less what has happened in America recently: employment is way down, but profits are hitting new records. Who, exactly, considers this economic success?

It seems like the corps have become so big, and are doing so much business overseas that they don't have too much of a stake in the domestic economy. If they have a lot of employees here a high US unemployment rate, and the subsequent cheap and plentiful labor, may outweigh any lost domestic sales from a weak economy.

As they say, "if you're not with us you are again' us". The corps may truly have become the enemy of the middle class.
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