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View Diary: Austerity cost U.S. up to 2.2 million jobs in weakest recovery since WWII (64 comments)

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  •  Corporations are raking in the money. (0+ / 0-)

    They're having record quarter after quarter, and, in large part, paying little to nothing in taxes.  Why are individuals in debt?  Poor pay and unemployment.  Why are small businesses hurting?  Low demand because the people who used to buy their products are unemployed or underemployed.

    Our 'debt' problem is entirely created by lack of well-paying jobs.  Well-paid, employed people buy the goods and services companies offer.

    Henry Ford knew this, and paid his employees highly, and his business boomed.  The current 'cut employees' and 'cut pay' mentaility is the creator of the problem, not its solution.

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