10.20.2011

More of the same all around

More bad news for U.S. workers -- and Obama - U.S. Economy - Salon.com

Call it a case of the glass 1 percent full versus the glass 99 percent empty. In the short-term, economic data continues to trickle in indicating weak signs of growth — nothing, perhaps, that will change gloomy perceptions of the economy, but still mildly encouraging....

But viewed over the long term, the U.S. economy is a disaster. Average wages for American workers continue to fall, and the steady decline in the overall standard of living for most Americans continues remorselessly.

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