Wednesday, January 23, 2008

For Millions Of Americans, Economic Crisis Is Old News

Things are looking grim for the U.S. economy these days, the politicians and the MSM pundits tell us.

I'm glad they finally noticed. The fact is, tens of millions of Americans have already been living through increasingly lean times over the past decade.

It took a stock market crisis for the Wall Street crowd to finally notice that the nation's economy is going down the tubes.

But that's hardly news for millions of average American workers, who've seen their incomes stagnate since 1980.

For years, the pundits and the politicians celebrated "strong" economic growth when the rest of us were wondering what they were talking about. The pundits also cheered America's low jobless rate. But the rest of us knew it was all a sham, in an era when millions of jobs pay such low wages that nobody could possibly live on them.

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