One is six Americans is either unemployed or underemployed. Millions are lined up at food pantries, and food stamps are at record levels. Foreclosures may have been suspended for many at present because of screw ups in bank paperwork but that does nothing to solve the housing crisis — indeed, from a certain prospective, it just makes things much worse.
Voters are angry as hell at both self-absorbed parties playing I-want-the-power games in the Beltway, and will likely take it out on the party that currently purports to be in power there, a gaggle whose ‘Democratic’ moniker seems less and less appropriate with each passing day..
And now comes word from Wall Street as reported in today’s Wall Street Journal. Last year’s record compensation packages on The Street of $139 billion will likely be exceeded this year, to a grotesque $144 billion estimated level. Thirty-seven firms on The Street were surveyed to reach this conclusion and 26 reported increases.
Good thing we elected a change candidate to the White House, right? Some change! And an even better thing that a party even more favorably disposed to Wall Street will probably soon be running Congress. Won’t that be nice?
Gee. Makes you wonder why so many Americans are disgusted with the way things are run in this country and our national prospects for the future.
More from this writer at wallstreetpoet.com