“Ghost Towns” and Other Disturbing Trends
OPS_admin | Apr 30, 2011 | Comments 0
While home vacancy rates are more than 50 percent in some cities, this is just one of many signs that the U.S. economy isn’t heading for recovery, but for more trouble unless sensible economic and trade policy is enacted.
Over the past 12 months the average price of gasoline in the United States has gone up by about 30 percent. Because of this the average American now spends approximately 23 percent of his or her income on food and gas.
At a time when critical goods are rising in prices, there are 7.25 million less jobs than when the recession began. Employment is lower now than at the start of the last decade. The average length of unemployment is now 39 weeks, an all-time record.
Full Story Here: “Ghost Towns” and Other Disturbing Trends | Economy In Crisis.
Filed Under: Economy - Labor
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Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
Billionaire hedge fund manager - and primary contributor to Rick Santorum's Red, White, and Blue SuperPAC - Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.Trying to get other oligarchs on the side of Rick Santorum - Friess said, "There isn't a person at the Koch brothers events who would not get a good return on their investment by investing in [Santorum] as president, because of what they believe about the free enterprise system." The key word there: investment. These aren't campaign contributions - these are investments that millionaires and billionaires are making to keep their tax breaks, their subsidies, and their lax regulations in place.We no longer have actual people running for President - we have a few very, very rich people like Friess and the Kochs investing in stooges to do their bidding - and hoping to see major returns in their bank accounts. So who will you vote for this year? Big Oil, Big Casinos, or Wall Street?-Thom(Who will you vote for this year? Tell us here.) -
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