Wall Street

Wiki Commons

Wall Street seems like a casino where the problem gamblers ARE the House, and they only bet on sure things. “Wall Street hates uncertainty,” analysts say.

A Wall Street Journal writer, a trade representative and a Congressman walk into a Denver pot store and the clerk says, "What is this, a joke?"

The writer says, “I know I really shouldn’t, but I just NAFTA!”

In reality, WSJ writer Mary Anastasia O'Grady wrote about the 20th anniversary of the North American Free Trade Agreement (NAFTA): “A continental web of supply chains now supports production facilities and serves consumers in three countries with a combined population of 470 million.”

Superficial reforms are failing, I reckon.

U.S. employers in March hired at the slowest rate since last June, adding just 88,000 jobs to non-farm payrolls, with steep job cuts in retail and government sectors, including 12,000 at the U.S. Postal Service, according to the U.S. Labor Department’s monthly report released April 5.

Economists had forecast the month’s gain to be about 190,000.

The Servant Economy

Jan 23, 2013

When President Obama delivers his 2013 State of the Union address, remember a comment he made at last year’s State of the Union speech: "Our workers are the most productive on Earth, and if the playing field is level, I promise you: America will always win.”

Big banks, corporations and Wall Street are making record profits, but workers, small businesses and Main Street are suffering. Will voters blame President Obama or the real culprits?

After decades of deregulating and tax-cutting for the wealthiest corporations and the rich (so these ‘job creators” will help the economy, supposedly), results show that the theory of “trickle-down” economics – which claimed that benefits gained by the affluent eventually will drip down to the rest of us – has failed.