One Minute World Economy Wrap-Up
Too busy to follow economic news from around the world? Confused by all the differing views on whether things are getting better or worse? Brain wary trying to make sense of market analyst jabber and government spin doctor twaddle?
Anguish no more. The truth about the world and U.S. economies, the job market in this country, the institutions that control all our economic futures, and how the growing number of poor folks here and abroad are faring, was neatly summed up in just four headlines that appeared on today’s Bloomberg news website.
Here they are. Read ‘em and weep:
“Central Banks Keep Easing After Cuts Fail To Spur Growth”
“Temporary Workers Near U.S. Record Makes Kelly A Winner” [Kelly Services is a major supplier to temporary help]
“No Lehman Moments As Biggest Banks Deemed Too Big To Fail”
“U.S. Budgets Throw Poor Grandmas, Kids Off The Train”
Got it now? The people supposedly in control aren’t. They are panicking and in desperation are trying bizarre measures that aren’t working. The only effects of these actions by the best and brightest at the helm is to further enrich the very rich and screw everyone else.
Back to sleep now. A new round of campaign commercials on TV will soon come along that will convince you that in spite of the reality you’re seeing and living, things are really getting better. And if you can’t wait for them to appear, check out the daily dole of financial “news” assuring you the same thing spewed by corporate-controlled media.
As the immortal George Carlin noted, “The reason they call it the American dream is because you have to be asleep to believe it.”
(My new novel, Murder At Bernstein’s, about a financial news billionaire who wants to be elected Mayor of Philadelphia, is now available from Amazon.)