For the most part, the profit surge and accompanying stock market boom have been achieved by downsizing and cost-cutting. With the help of the Obama administration, corporations have turned the economic crisis to their advantage, using mass unemployment as a bludgeon to drive down wages and impose speedup.
Now, as Obama prepares to push through new windfalls for big business after Tuesday’s vote, he is sending signals that his administration, in the name of fiscal “responsibility” and bipartisanship, will drop any proposals for infrastructure spending to create jobs or even the most minimal measures to provide relief for the unemployed.
These people won't be happy until we are making two or three dollars a day.
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