The unemployment situation has now reached disastrous proportions and remains unaffected by the rise in the stock market or of profits shown by major corporations. Never was it more clear that the interests of Wall Street and Main Street are not at all the same, that what’s good for one may not be good for the other and that one can prosper while the other withers. Currently profits are widely announced as if they are good news for all, as if they are the recovery, but the reality is they benefit few and represent a clarion call to a government that provids incentives for outsourcing jobs to other countries. Never was the relationship between profit and jobs more clear than the Madison Square Garden match up between Max Profits and Hugh Jobs.
January 27th, 2011