Reading the mainstream news media, I can’t help
wonder if this is actually two different countries. In one country, the economy
is doing swell and everyone in optimistic. In the other country, about 80 of
people are unemployed on living in near poverty. Most of these people are
white.
So which country is this and how can the news media
give us two different descriptions of the very same country?
The economy "is unlikely to
slow in the short-term, and may even moderately pick up," economist Lynn
Franco predicted Tuesday as the Conference Board released its latest survey on consumer
confidence.
The business research group,
where Franco is director of economic indicators, said its index rose to a
five-year high of 81.4 in June — up from May's 74.3. The index is based on
surveys of Americans.
Four out of 5 U.S. adults
struggle with joblessness, near-poverty or reliance on welfare for at least
parts of their lives, a sign of deteriorating economic security and an elusive
American dream.
Survey data exclusive to The
Associated Press points to an increasingly globalized U.S. economy, the
widening gap between rich and poor, and the loss of good-paying manufacturing
jobs as reasons for the trend…..
…..Marriage rates are in decline
across all races, and the number of white mother-headed households living in
poverty has risen to the level of black ones.
"It's time that America
comes to understand that many of the nation's biggest disparities, from
education and life expectancy to poverty, are increasingly due to economic
class position," said William Julius Wilson, a Harvard professor who
specializes in race and poverty. He noted that despite continuing economic
difficulties, minorities have more optimism about the future after Obama's
election, while struggling whites do not.
It’s not surprising that our corporate masters are
getting greedy and using the political system to take most of the wealth for
themselves. But what is surprising is that so many working people just don’t
see that. As the second article point out poverty is growing and the
differences between the classes is beginning to disappear.
It’s getting time for working people to realize they
are not really a part of this economy and this country has turned its back on
most of its citizens.
-សតិវ អតុ
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