Are you ready for the new American economy...

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– where good jobs are as hard to find as Mitt Romney’s tax returns? A new report by the Center for Economic and Policy Research find that our economy has lost one-third of its ability to create what are defined as “good jobs.” A good job is one that pays at least $37,000 and offers health insurance and a retirement plan. And the data shows that since 1979, Americans workers of all education levels have lost these good jobs. That includes workers with less than a high school degree and workers with more than a college degree.

Why is this happening? Well, the report concludes: “[T]he real culprit is the systematic decline in the bargaining power of workers — reflected in a drop in… the minimum wage, a collapse in the unionization rate in the private-sector, the deregulation of previously well-paying industries, the privatization of state and local government jobs, a series of business-biased trade deals, a dysfunctional immigration system, poor enforcement of already weak labor standards, and high unemployment.” In other words, Reaganomics is to blame.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Dec. 29, 2009 9:59 am


"The battle of money is being fought on the field of morality.

Sadly, the lower income groups, tending to be more pious, are more responsive to a moral argument. By voting for the right wing, they tacitly accept the thesis that they are responsible for their own misery, and if only they were more ambitious and smarter, and less willing to be “food stamp queens” and “unemployment kings” they could have succeeded, just like Mitt Romney.

They also are susceptible to the false “fairness” argument that taxpayers pay for these subsidies (they don’t in a Monetarily Sovereign govenment), and the government can’t afford them (it can). It all works to keep the middle and lower classes down and the 1% up, up, up.

Once again, the so-called “religious” right-wing is on the side of money and on the wrong side of morality." from

This attitude was built up by propaganda which is basically Reagonomics.

pshakkottai's picture
Jul. 11, 2011 10:27 am


Phaedrus76's picture
Sep. 14, 2010 7:21 pm

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